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FINANCIAL NEWS
National Finance profit hikes 23%
24 Feb 2011
(MENAFN) National Finance Company reported an increase in the number of new deals by 91 percent, while net investment in finance leases went up by 16.5 percent, which resulted in USD6 million of profits, reported Times of Oman.
The company stated that its year on year increase in profit in 2010 was 23.1 percent higher than that reported in 2009.
The company also stated that the board of directors gave approval on distributing 5 percent dividends in cash and 16 percent in stock, totaling to 21 percent.
The company added that these positive results were due to a strategy that concentrates on enhancing relative performance through the global financial crisis, which would lead to an increase in dividends.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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