Al Omaniya Financial logs OMR 2.43m losses in Q4

Mubasher: Al Omaniya Financial Services suffered losses worth OMR 2.43 million ($6.29 million) in the fourth quarter of 2015, compared to OMR 2.08 million ($5.38 million) in the same quarter of 2014, an increase of 16.8%.

The company said in a bourse statement that it posted profits worth OMR 6.66 million in the fiscal year 2015, compared to OMR 6.48 million in the previous fiscal year.

The board has recommended a distribution of 17% cash dividends as well as 3% bonus shares and 5% compulsorily convertible, unsecured bonus stock bonds. 

Mubasher Contribution Time: 11-Feb-2016 09:10 (GMT)