National Finance SAOG (NFCI)

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News

17 December 2017 11:16 PM National Finance approves merger with Oman Orix

Mubasher: The extraordinary general meeting (EGM) of National Finance Company has approved the acquisition and merger with Oman Orix Leasing Company, according to a bourse filing. The EGM has authorized the board of directors to issue new shares, …

Mergers and Acquisitions

23 May 2017 10:56 AM National Finance EGM to discuss OOLC merger

Mubasher: National Finance Co’s board of directors in Monday’s meeting called for an extraordinary general meeting (EGM) to discuss the merger with Oman ORIX Leasing Company (OOLC). “National Finance’s offer equates to a price of 1.20x the ending …

Companies Investments

17 May 2017 10:53 AM Oman’s ORIX initially approves National Finance offer

Mubasher: National Finance on Wednesday reported that it received a preliminary approval from Oman ORIX Leasing about its previously proposed cash buyout offer. ORIX’s response came after the approvals of the shareholders of the two companies and …

Macroeconomics

14 May 2017 09:38 AM National Finance to buy Oman ORIX

Mubasher: National Finance Co on Sunday announced that its board of directors approved to offer a “cash buyout” to Oman ORIX Leasing Company (OOCL). “National Finance will be prepared to make price adjustments related to movements in OOLC’s …

Mergers and Acquisitions

27 April 2017 10:52 AM National Finance Q1 profits rise 3.5%

Mubasher: National Finance reported a growth of 3.5% in profits during the first quarter of 2017 as compared to the same quarter of 2016. The earnings increased to OMR 1.49 million ($3.86 million) in Q1-17 from OMR 1.44 million ($3.73 million) in …

Financial Results

16 April 2017 00:35 PM National Finance, Orix complete preliminary merger valuation

Mubasher: National Finance on Sunday announced that its merger valuation with Oman Orix Leasing Company has been completed. “Following the Consultant’s observations on the viability of the merger, the board of directors of National Finance has …

Mergers and Acquisitions

26 January 2017 11:59 AM National Finance proposes 14% cash dividends for 2016

Mubasher: National Finance’s board recommended distributing cash dividends for the fiscal year 2016. The company will pay 14% cash dividends of the capital and 3% bonus shares, according to a bourse filing on Thursday. The board will distribute 14 …

Cash Dividends

15 January 2017 11:36 AM National Finance profits rise 20% in Q4

Mubasher: National Finance’s initial un-audited financial results showed an increase of 20% in the company’s profits for the fourth quarter of fiscal 2016 to OMR 2.1 million ($5.44 million), compared to OMR 1.75 million ($4.53 million) for Q4-15. …

Financial Results

15 November 2016 11:32 AM Oman ORIX, National Finance mull strategic collaboration

Mubasher: Oman ORIX Leasing Company and National Finance Company said Tuesday that they have concluded the initial assessment of options for strategic collaboration between the two companies. Earlier in October, National Finance said that it had …

Mergers and Acquisitions

27 October 2016 11:32 AM National Finance seeks strategic collaboration with Oman ORIX

Mubasher: National Finance said Wednesday that it has written to Oman ORIX Leasing SAOG to explore the possibility of strategic collaboration between the two organisations. In case of these discussions led to any specific ideas, these will be …

Companies Investments

12 October 2016 09:04 AM National Finance Q3 profits fall 19.7%

Mubasher: National Finance posted a decline of 19.7% year-on-year in profits during the third quarter of 2016 as compared to the same period a year ago. Earnings stood at OMR 1.46 million ($3.78 million) in Q3-16, compared to OMR 1.22 million …

Financial Results

21 July 2016 09:49 AM National Finance’s profits down 3.6% in Q2

Mubasher: National Finance Company reported on Thursday a net profit of OMR 1.35 million ($3.49 million) for the second quarter of the fiscal year 2016, 3.64% down from OMR 1.4 million ($3.62 million) posted for Q2-15. In the first half of fiscal …

Financial Results

28 March 2016 09:13 AM National Finance’s shareholders approve proposed dividends

National Finance’s ordinary general meeting agreed on the board’s recommendation of distributing cash dividends and bonus shares for the fiscal year 2015. The company will pay 12% cash dividends of the capital or 12 baisa per share, and will …

Corporate Actions

27 January 2016 11:27 AM Oman’s National Finance profits rise 15.72% in FY15

National Finance recorded net profit after tax worth OMR 6,021 in the fiscal year 2015 as compared to OMR 5,203 in 2014, a growth of 15.72%. The company said in a bourse statement that net operating income reached OMR 13,054 in FY15, compared to …

Financial Results

13 January 2016 04:24 PM Initial un-audited financial results for the year ended 31 December 2015

The initial un-audited financial results of the company for the year ended 31 December 2015 are summarized below:     Amount in RO ‘000   2015 2014 Growth Net investment in financing activities 185,503 160,869 15.31% Total assets 189,688 165,300 …

8 October 2015 11:19 AM NFC profits rise 16% in 9M

Mubasher: National Finance Company (NFC) reported profits of OMR 4.26 million in the first nine months of 2015, up 15.8% from OMR 3.68 million in the same period of 2014, according to a bourse filing. Net operating income rose 9.47% to OMR 9.59 …

Financial Results

30 July 2015 11:43 AM National Finance profits rise 16% in H1

  Oman – Mubasher: National Finance Company (NFC) reported a profit of OMR 2.78 million ($7.2 million) for the six-month period ended 30 June 2015, registering an increase of 15.8% from OMR 2.4 million ($6.2 million) in the same period in 2014, …

Financial Results

13 April 2015 11:06 AM National Finance profits grow 14% in Q1

 Oman – Mubasher: National Finance Company (NFC) announced its financials for the first quarter of 2015 in a filing to the Muscat Securities Market (MSM) on Monday.The company reported a profit of OMR 1.377 million in Q1-15 compared to OMR …

Financial Results

8 April 2015 07:57 AM Distribution of Cash Dividend

National Finance is pleased to announce that the shareholders, at their Annual General Meeting held on March 25, 2015 have approved distribution of 12.5% dividend of which 10% will be in cash and 2.5% in stock.   National Finance has entered …