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MUSCAT SECURITIES MARKET (MSM)Trading Hours: Sun - Thu 10:00 am-1:00 pm

United Finance Co. UFCI
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Price in OMR Last Update : 20 Sep 2017 10:15 am (local time)
  • United Finance reports 7% gain in 9M net profit Oct 08, 2015 | Source : Muscat Daily

    United Finance Co reported a seven per cent year-on-year increase in net profit for the nine-month period ended September 30, 2015. The company's net profit rose to RO3.76mn from RO3.5mn in the corresponding period of last year, according to...

  • NBO pulls out, leaving Al Omaniya last firm standing in race for United Finance Jul 01, 2015 | Source : Muscat Daily

    National Bank of Oman (NBO) became the latest to drop its bid for acquiring United Finance Co after Bank Nizwa pulled out from the race in May. NBO's exit now leaves Al Omaniya Financial Services as...

  • National Bank of Oman confirms participation in bidding: United Finance May 24, 2015 | Source : Muscat Daily

    National Bank of Oman (NBO) has confirmed its interest to participate in the bidding process for a possible acquisition of United Finance Co. “We would like to inform that United Finance has received an official communication from...

  • Al Omaniya to explore merger possibility with United Finance Mar 16, 2015 | Source : Muscat Daily

    Al Omaniya Financial Services, the largest non-banking finance company in the sultanate, has shown interest in exploring the possibility of an acquisition or strategic merger with United Finance Co. “Al Omaniya Financial Services would like to disclose that the...

  • Merger will help in growth: Bank Nizwa Feb 16, 2015 | Source : Oman Daily Observer

    The merger proposal sent to United Finance was to help meet a higher growth objective and we are waiting for a proposal from the other side, said Dr Jamil el Jaroudi, CEO, Bank Nizwa “We have to...

  • Oman’s Islamic banking assets surge 34% to RO3.4bn in April Jul 10, 2017 | Source : Muscat Daily

    Total assets of Islamic banks and windows in Oman reached to RO3.4bn at the end of April 2017 compared with RO2.54bn a year ago, recording a robust growth of 34 per cent. Islamic banking industry now accounts...

  • Al Ahlia Insurance IPO opens for subscription Jul 09, 2017 | Source : Muscat Daily

    Al Ahlia Insurance Company SAOG (under transformation) announced the opening of its initial public offering (IPO) for subscription. Al Ahlia’s IPO, which opened for subscription on July 4, is the first IPO on the Muscat Securities Market...

  • Vision Insurance IPO to open for subscription on Sunday Jul 06, 2017 | Source : Muscat Daily

    Vision Insurance SAOG (under transformation) announced to launch its initial public offering (IPO) to raise nearly RO4mn from the primary market in Oman. The company is offering 25mn shares at a price of 162bz per share, according...

  • Fitch Ratings revises five Omani banks’ outlooks to ‘negative’ Jul 05, 2017 | Source : Muscat Daily

    Fitch Ratings has revised the outlook on five Omani banks - Bank Muscat, HSBC Bank Oman, ahlibank, BankDhofar and Bank Sohar - to negative from stable. The outlook on National Bank of Oman (NBO) remained stable. Fitch...

  • 5 points for businesses to create a VAT compliance road map Apr 18, 2017 | Source : Saudi Gazette

    The introduction of a harmonized Value Added Tax (VAT) and excise tax in the Gulf Cooperation Council (GCC) by 2018 constitutes an important policy reform that aims to reduce reliance on hydrocarbon revenues. According to the IMF,...

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