Mubasher: Oman Orix Leasing’s profits rose 17.9% posted a 0.8% year-on-year in the fourth quarter of 2016.

Profits reached OMR 1.65 million ($4.27 million) in Q4-16, compared to OMR 1.4 million ($3.62 million) in Q4-15

In the twelve months of 2016, profits increased 5% to OMR 5.53 million from OMR 5.27 million in the same period of 2015.

The company’s board recommended distributing 13% cash dividends of the capital for the fiscal year 2016, including 9% cash and 4% bonus shares.