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FINANCIAL NEWS
Al Omaniya Financial Co. posts USD 17.21mn net income
11 Feb 2016
(MENAFN) Al Omaniya Financial Services, Oman’s largest non-banking financial Co. suggested a dividend of 25 percent including 17 percent cash.
Furthermore, the Co. recorded whole income of USD 49.68mn and offered USD 5.17mn as provision for doubtful debts, which stood at USD 22.41mn.
Additionally, earnings per share are USD 0.072mn, the highest in the industry, whereas for the narrow limits, the net worth of the firm stands at USD 172.97mn.
The firm kept its track record of paying continuous dividend since its inception and the increasing percentage of dividend paid is 378 percent.
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