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FINANCIAL NEWS
Moody’s reaffirms Al Omaniya Financial Ba3 rating
02 Dec 2011
(MENAFN) Moody’s Investors Service said that it reaffirmed the Ba3 global scale rating to Al Omaniya Financial Services, showing the firm’s good profitability, asset quality and capitalization, reported Times of Oman.
The agency added it gave the Omani firm a stable outlook, adding that the company managed to rank as one of the most important companies in the Omani leasing sector.
It also said that the company was the largest non-banking financial company (NBFC) in the country with an estimated market share of about 25 percent, whereas its total asset size at the end of June reached USD369 million.
It is worth noting that Al Omaniya Financial Services maintains a low number of non performing assets (NPAs) at 1.8 percent of total leased assets in terms of asset quality.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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