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Rise in Profits of Muscat Industrial Firms
Industrial companies listed on the Muscat Securities Market experienced a 46.8% increase in profits during the first half of 2026, reaching approximately 175.3 million Omani rials, up from 119.4 million rials in the previous year. The leading companies with significant profits include Omani Indian Fertilizer, which increased its profits from 54.1 million to 80.2 million rials, and OQIO for Basic Industries, which jumped from 23.4 million to 43.3 million rials. Companies such as Oman Flour Mills and Oman Cement also recorded strong profits, driven by rising demand for their products and real estate investments. Some firms saw a substantial improvement in their earnings, like Gulf Engineering & Contracting and Salalah Foods. The number of industrial companies listed on the stock exchange stood at 36, with Z Glass moving to a single-owner company following its acquisition by Al Zimrad National.
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