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FINANCIAL NEWS
Oman- Al Omaniya reports USD14.63m profit in 2012
10 Feb 2013
(MENAFN) Al Omaniya Financial Services announced that in 2012, its net profit after tax and provision jumped by 17.08 percent from 2011 to USD14.63 million, reported Muscat Daily.
The Sultanate’s largest non-banking financial firm said that total revenues in the year reached USD44.15 million.
The company’s loan book increased by 32 percent, and stood at USD530.93 million.
Al Omaniya provided USD5.51 million as provision, with cumulative provisions standing at USD17.48 million.
It is worth noting that the Omani company’s assets exceed USD530.93 million.
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