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MENAFN - Times of Oman - 30/09/2004

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National Finance: General Manager C.S. Veeraraghavan has resigned from services.

Development bonds: The Muscat Securities Market has approved the listing of the 33rd series of government development bonds from today.

Onic Holding: Responding to the new developments at OIFC, Onic Holding said its investment in the former is not marked to market, and fluctuations in the market price of OIFC do not have any impact on its Profit and Loss Account. To the RO4.02 million net profit of Onic Holding for the first quarter of 2004, the contribution from OIFC was a meagre RO53,354. As of today, Onic Holding has a 15.8 per cent stake in OIFC.

Oman Hotels & Tourism: The board of directors has accepted the resignation of Milind Madhusudan Bhagwat as director from the company's board. Husam Hisham Al Bastami has been appointed as the director.

Oman Orix Leasing: The shareholders at the extra-ordinary general meeting on September 28, 2004, approved the proposal of the company to launch debt-factoring services. The EGM has also approved the proposal to increase the company's authorised capital from RO8 million to RO10 million.

Port Services Corporation (PSC): PSC has embarked on a major computerisation project by signing an agreement with Samsung Corporation/Total Soft Bank of Korea and Sabco LLC. Samsung/Total Soft Bank will provide PSC with new container/cargo management systems for the Port Sultan Qaboos.

l Courtesy: Information Centre, Muscat Securities Market




 






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