Muscat Finance Firms Profit Rise H1
Profits of the listed financing companies on the Muscat Stock Exchange increased by 1.6% during the first half of this year, reaching 13.3 million Omani rials compared to 13.1 million rials in the same period last year. The positive performance is supported by government initiatives to develop non-oil sectors and the rising demand for financing products from individuals and small to medium enterprises. National Finance Company recorded a growth of 15.2%, with profits reaching approximately 8.1 million rials, while United Finance achieved the highest increase of 34.4%. The Oman Financial Services Company’s profits also rose by 4.2%. Conversely, the profits of Leasing Bank and Muscat Finance declined due to increased provisions to cover rising non-performing loans. The market capitalization of financing companies grew to 274.2 million rials, an increase of 56.9 million rials compared to December 2025.
Notice: This Is an AI-Generated Summary
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