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أثير
Omifco reports 48% profit increase
Oman Alginate Fertilizer Company "Omifco" has achieved its first strong financial results after being listed on the Muscat Stock Exchange, with profits increasing by 48% in the first half of the year compared to the same period last year, reaching 80.3 million Omani rials. Revenues also rose by 44% to 191.8 million rials. This performance is attributed to exceptional production levels of urea and ammonia, improved operational efficiency, and increased export sales, particularly urea sales that exceeded 175 million rials. The company also announced the extension of its long-term agreements with its partners and the signing of a new 10-year natural gas supply agreement. The total dividends for the 2026 fiscal year are expected to amount to approximately 80.8 million rials, with an initial distribution of 45.2 million rials.
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