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MENAFN - Muscat Daily - 08/10/2012

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(MENAFN - Muscat Daily) Al Omaniya Financial Services SAOG, Oman's largest non-banking financial company, has announced that their net assets have crossed half a billion dollars in its un-audited third quarter results for the period ended September 30.The company has announced an asset size of US512.616mn as compared to USD368.8mn in the same period last year registering an increase of 39 per cent.According to a press release, Al Omaniya made a profit after tax of RO3.7mn as compared to RO3.21 in the same period last year, resulting in a growth of 15.08 per cent. Aftab Patel, CEO, said, ''We are really proud of this benchmark achieved by the company. This is the highest in the history of the NBFCs in the country.''He added that with the recent conversion resulting in an increase of company's capital to RO20.21mn, the market capitalisation stands in excess of RO62mn, almost twice the size of any peer in the industry.

 






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