Oman National Engineering and Investment SAOG (ONES)

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News

10 July 2017 09:54 AM Oman National Engineering Q2 profits surge 544%

Mubasher: Oman National Engineering and Investment on Monday reported a 543.8% year-on-year surge in the second quarter of 2017. The engineering company achieved profits of about OMR 779,770 ($2.02 million) in Q2-17, compared to OMR 121,130 …

Financial Results

9 June 2017 11:32 AM MSM loses 81 pts in week

Mubasher: The main index of Muscat Securities Market (MSM) fell 1.48% or 80.64 points to reach 5,354.77 points in the week ended 8 June. The industry sector topped the losing sectors and levelled down 1.61%, followed by the financial and services …

Trading Activities

13 March 2017 02:23 PM Oman National Engineering OGM approves 10 baisas/shr distribution

Mubasher: Oman National Engineering and Investment Company’s shareholders approved the distribution of cash dividends of 10% of the company’s capital, according to a statement to the Muscat Securities Market (MSM). The engineering company added on …

Cash Dividends

13 February 2017 00:17 PM Oman National Engineering Q4 profits down 18%

Mubasher: Oman National Engineering and Investment reported a decline in profits in the fourth quarter of 2016 by 18.19% compared to the same period the year before, as shown by the company’s financial statements. Profits reached OMR 316,450 …

Financial Results

11 December 2016 06:37 AM Majan Electricity to extend deal with Oman National Engineering

Mubasher: Oman National Engineering and Investment Company said Majan Electricity Company extended the contract pertaining to billing and collection for the period of 6 month. Majan's extended contract with the Muscat-listed firm will start on 1 …

Companies Investments

27 November 2016 07:12 AM Oman National Engineering wins OMR OMR1.5m contracts

Mubasher: Dhofar Power Company awarded Oman National Engineering & Investment Company two contracts worth OMR 1.47 million, according to a bourse filing on Sunday. The contracts are to take effect as of 1 May 2017, the bourse filing revealed. …

Companies Investments

22 November 2016 06:49 AM Oman National Engineering wins OMR 2.04m construction contract

Mubasher: Oman National Engineering and Investment said Tuesday that Muscat Electricity Distribution Company SAOC has awarded the company a contract for constructing 3x20 MVA 33/11KV Primary substation at AL Amerat-2, a bourse filing revealed.  …

Companies Investments

14 November 2016 09:00 AM PDO extends contract with Oman National Engineering for 5 years

Mubasher: Oman National Engineering and Investment announced on Monday that the Petroleum Development Oman (PDO) has extended the contract No. C311073 related to potable water supply (South Oman) for a period of five years. The contract period …

Companies Investments

8 November 2016 00:30 PM MSM-listed energy firms’ Q3 profit rises 1.3%

By: Salama Abdulrahman Mubasher: The financial statements of the energy companies listed on the Muscat Securities Market (MSM) showed a year-on-year growth in their total net profits for the third quarter of fiscal 2016. Total profits of 11 listed …

Financial Results

8 November 2016 08:51 AM Mazoon Electricity awards Oman Engineering OMR 3.6m contract

Mubasher: Oman National Engineering and Investment Company said Tuesday that it has been awarded a contract by Mazoon Electricity Company for the construction of 33kv outgoing feeders from AL Kamil and Ja’alan Bni Bu Ali grid station, and 33KV and …

Companies Investments

16 October 2016 00:45 PM Mazoon Electricity awards contract to Oman National Engineering

Mubasher: Oman National Engineering and Investment Company said Sunday that it has been awarded a contract by Mazoon Electricity Company for the construction of incoming feeders and 11 outgoing feeders for new Samad primary sub-station at AL …

Companies Investments

16 October 2016 08:47 AM Oman National Engineering Q3 profit falls 42%

Oman National Engineering Q3 profit falls 42% Mubasher: Oman National Engineering and Investment reported on Sunday a fall of 42.35% fall in the company’s profits for the third quarter of the fiscal year 2016 to OMR 501,790 ($1.3 million, compared …

Financial Results

21 September 2016 08:03 PM Salalah Sanitary extends contract with ONEIC

Mubasher: Oman National Engineering and Investment Co. (ONEIC) said on Wednesday that Salalah Sanitary Drainage Services Company has extended its contract with company for issuing and collecting bills, according to the company’s statement. The …

Companies Investments

28 August 2016 10:37 AM Omani power firms’ profits rise 5.4% in Q2

By: Salama Abdulrahman Mubasher:  The financial statements of the power companies listed in the Muscat Securities Market (MSM) for the second quarter of fiscal 2016 showed an increase of 5.4% in their profits, compared to the same period of 2015. …

Sector Reports

8 August 2016 00:08 PM Oman’s PAEW extends contract with Oman National Engineering

Cairo – Mubasher: Oman National Engineering and Investment (ONEIC) said that its contract with the Public Authority for Electricity and Water (PAEW) was extended for another seven months. The contract comes in respect to the tender No. 335/2011 …

Companies Investments

13 July 2016 10:52 AM Oman National Engineering profits up 87% in Q2

Cairo – Mubasher: Oman National Engineering and Investment (ONEIC) posted higher profits in the second quarter of the fiscal year 2016, according to a bourse filing. Its earnings grew 87.4% year-over-year to OMR 131,421 ($340,196) from OMR 70,138 …

Financial Results

10 July 2016 06:32 AM Oman National Engineering wins OMR 5.88m tender

Mubasher: Oman National Engineering & Investment Company was awarded a tender offered by Rural Areas Electricity Company, according to a bourse statement issued Sunday. The awarded contract is worth OMR 5.88 million for upgrading Shaab Aseeb Power …

Companies Investments

10 May 2016 07:55 AM ONEIC wins tender worth OMR 413,000

Mubasher: Oman National Engineering and Investment Company (ONEIC) announced Tuesday that Mazoon Electricity Company awarded a tender worth OMR 413,000. According to a bourse filing, ONEIC will build a 33/11KV primary station (1x6 MVA) with 33KV …

Companies Investments

24 March 2016 08:02 AM ONEIC’s shareholders approve FY15 dividends

Oman National Engineering and Investment’s (ONEIC) shareholders agreed on paying 9% cash dividends of the capital or 9 baisa per share for the fiscal year 2015, with an overall value of OMR 9 million, according to a bourse statement. The company’s …

Corporate Actions

9 March 2016 03:31 PM ONEIC clinches 2 tenders worth OMR 21m

Mubasher: Oman National Engineering and Investment Company (ONEIC) announced on Wednesday that it won three tenders valued at OMR 21.07 million ($54.72 million) to operate and maintain the Public Authority for Electricity and Water’s (PAEW) assets …

Trading Activities

29 February 2016 08:15 AM ONEIC shareholders to discuss dividends 23 March

Mubasher: Oman National Engineering and Investment Co. (ONEIC) will hold its shareholders’ meeting on 23 March to discuss a capital increase and cash dividends for the fiscal year 2015, according to a bourse filing on Monday. During the ordinary …

Event

16 February 2016 07:05 AM Omani engineering firm ONEIC reports 117% rise in Q4 profit

Mubasher: Oman National Engineering and Investment Company (ONEIC) profit advanced 116.7% year-on-year in the fourth quarter of 2015. Net profit reached OMR 390,000 in Q4-15, versus OMR 180,000 in the same period of 2014. However, annual profit …

Financial Results

8 February 2016 07:22 AM Oman’s ONEIC wins contract worth OMR2.3m

Mubasher: Oman National Engineering and Investment company (ONEIC) said Monday that it was awarded a tender worth OMR2.29 million ($5.92 million) by the Health Ministry. Under the five-year contract, the company will provide technicians for …

Companies Investments

14 January 2016 11:09 AM Award of Tender

With great pleasure, I would like to inform our esteem shareholders and investors that Engineering Innovation Design & Consulting LLC has awarded Oman National Engineering & Investment Company (SAOG) the contract for construction of 33/11 kv, 3x20 …

14 January 2016 11:02 AM Un-audited Financial Results for the Fiscal Year Ended on 31/12/2015

The initial un-audited Financial Results for the Fiscal Year ended on 31/12/2015 are as follows.     31 Dec. 2015   31 Dec. 2014       RO RO % Change Total Revenue 38,655,256 42,467,060 - 8.98 Total Expenses 37,135,577 40,502,766 -8.31 Net Profit …