Bank Dhofar SAOG (BKDB)

By: Salama Abdel Rahman Mubasher: Profits of banks operating in Oman and listed on the Muscat Securities Market (MSM) witnessed an 11.55% year-on-year increase for the third quarter of 2018. Net profits of eight lenders amounted to OMR 96.59 …

Mubasher: Dhofar Bank signed a facility agreement worth OMR 50 million with the Public Establishment for Industrial Estates (PEIE), according to a statement. Under the deal, the bank will finance several infrastructure projects carried out by the …

By: Salama AbdelRahman Mubasher: Financial data for banks listed on the Muscat Securities Market (MSM) showed a 3.76% year-on-year growth in profits for the first quarter of 2017. The combined profits of eight banks stood at OMR 87.28 million …

Mubasher: Bank Dhofar on Tuesday announced appointing Abdul Hakeem Omar Al Ojaili as its CEO. Al Ojaili was the bank’s acting CEO since October 2013, and has more than 26 years of banking experience, according to a filing to the Muscat Securities …

Mubasher: Bank Dhofar’s profits declined 7.7% in the first three months of 2017 to OMR 12.51 million ($32.38 million), compared to OMR 13.56 million ($35.10 million) in the same period in 2016. Customers’ deposits increased 11.4% to reach OMR 3.13 …

Mubasher: The ordinary general meeting (OGM) of Bank Dhofar approved the board of directors’ suggestion to distribute cash dividends and bonus shares for 2016. Cash dividends distribution amount to 13.5% of the capital at 13.5 baisas per share. …

Mubasher: Bank Muscat, Bank Dhofar and National Bank of Oman are experiencing dual profitability pressures, increasing competition for financial products, according to a statement. However, Moody's considers that Bank Muscat as the best positioned …

Mubasher: The board of Bank Dhofar has recommended a distribution of 25% dividends as 13.5% cash dividends and 7.5% bonus shares for the fiscal year 2016. The dividend payout has a value of OMR 25.64 million, while the bonus shares will total …

Mubasher: Bank Dhofar’s initial un-audited financial results showed a 19.5% decline in the company’s profits for the fourth quarter of fiscal 2016 to OMR 10.75 million ($27.82 million), compared to OMR 13.37 million ($34.6 million) for Q4-15. …

By: Islam Fadl Mubasher: The financial statements of the banks listed on the Muscat Securities Market (MSM) showed a 12.1% fall in their profits for the third quarter of fiscal 2016. Total profits of the eight listed banks reached OMR 88.8 million …

Mubasher: Bank Dhofar said Thursday that the Capital Market Authority (CMA) has approved the subscriptions for the rights issue. The bank received applications for a total of OMR 42.76 million, against an issue size of OMR 40 million, with …

Mubasher: Bank Sohar and Bank Dhofar were unable to reach and conclude a binding merger agreement due to difference in views around material aspects of the draft merger deal. Negotiations about the merger are ceased and Bank Sohar continues to …

Mubasher: Bank Dhofar announced on Sunday that the negotiations over the merger with Bank Sohar will not benefit the shareholders. The bank pinpointed that the two banks failed to reach an agreement regarding drafting of main articles to complete …

Mubasher: Bank Dhofar’s profits for the third quarter of the fiscal year 2016 grew by 32.2% to OMR 14.24 million ($36.36 million), versus OMR 10.77 million ($27.88 million) for Q3-15. In the first nine months of 2016, net profit increased 10.4% to …

Mubasher: Bank Dhofar set the subscription for the rights Issue from 5 to 19 October, according to a bourse statement. The rights trading period will begin from 2 to 16 October, while the record date for the rights issue will be on 27 September. …

Mubasher: The proposed merger between Bank Dhofar and Bank Sohar will bring long-term benefits with an overall positive impact on Dhofar's credit profile, according to a report published by Moody's Investors Service. However, such merger will …

Mubasher: Bank Dhofar’s board of directors approved on Wednesday a rights issue worth OMR 40 million, with an issue price of 200 baisas per share, consisting of a nominal value of 100 baisas, a premium of 98 baisas, plus issue expenses of 2 …

Mubasher: Bank Dhofar posted a growth of 16.2% year-on-year in its profits for the second quarter of 2016, according to a bourse filing. Profits stood at OMR 12.61 million in Q2-16, compared to OMR 10.85 million in Q2-15. The bank generated …

Mubasher: The board of Bank Dhofar reached an agreement with Bank Sohar’s board members on the share swap ratio of the proposed merger, according to a bourse statement issued Wednesday. Based on the agreement, every one share of Bank Dhofar will …

Mubasher: Bank Dhofar set up a euro medium term note programme (EMTN), enabling it to issue eurobonds in the international market, according to a bourse statement. Listed on the Irish Stock Exchange (ISE), the programme enables flexible issuance …

Mubasher: Bank Dhofar’s initial unaudited financial statements showed a rise of 15.1% year-on-year in its net profit for the first quarter of the fiscal year 2016. Net profit reached OMR 13.56 million ($35.13 million) in Q1-16, versus OMR 11.78 …

Mubasher: Bank Dhofar’s shareholders approved yesterday the distribution of cash dividends at 15% of issued capital (15 baisa per share) and 1-for 10 bonus shares (10% of capital) for the fiscal year 2015, according to a bourse filing released on …

Mubasher: Moody's Investors Services assigned today provisional (P)Baa1 long-term senior unsecured rating to the $500 million Euro Medium-Term Note (EMTN) programme of Bank Dhofar SAOG. This programme rating has been placed under review for …

Mubasher: Oman’s Bank Dhofar announced on Wednesday that its ordinary general meeting (OGM) will be held on 23 March. The OGM will discuss a proposal by the board of directors to distribute cash dividends at 15 Baisas per share and bonus shares at …

Mubasher: Moody's downgraded today the long-term deposit ratings of five Omani banks as well as placing all banks' ratings under review for downgrade. The rating agency lowered Bank Muscat rating to A3 from A1, Oman Arab Bank to Baa1 from A2, …