21 Hrs
Source:
الوطن
Omani Finance Firms Net 13.3M Rials
The financial results for the first half of 2026 show that listed financing companies on the Muscat Securities Market achieved a net profit of 13.3 million Omani rials, reflecting a 1.6% increase compared to last year. This growth is attributed to the rising demand for financial products and the diversification into non-oil sectors. Leading companies, such as the National Finance Company, saw a profit growth of 15.2%, while United Finance grew by 34.4%. However, the performance of some companies like Tajiir and Muscat Finance experienced a decline due to increased provisions to cover rising non-performing loans. Companies anticipate continued growth as economic activity expands and demand for financing increases, with an optimistic outlook for further positive performance throughout the year.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)