United Finance SAOG (UFC) News - Mubasher Info
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24 January 10:15 AM

United Finance SAOG (UFCI)

Last update: 22 January 02:10 PM market time.
0.09
0.02
35.38%
Open 0.08
Previous Close 0.07
High 0.09
Low 0.08
Stock Statistics
Volume 2,038,834
Turnover 178,309.27
All data are 15 minutes late during market session

News

Alizz Islamic Bank said it has withdrawn from the merger with UFC
11 July 2017 00:33 PM Oman’s Alizz withdraws from UFC merger
Mubasher: Alizz Islamic Bank on Tuesday said it has withdrawn from a possible merger with United Finance Company (UFC). The bank added that it was not going “to explore” the merger any further, according to a statement to the Muscat Securities …
Mergers and Acquisitions
The board requested a new offer on a full cash acquisition basis.
21 June 2017 11:21 AM UFC Oman rejects Alizz bank offer
Mubasher: The board of directors of Oman’s United Finance Company (UFC) on Tuesday refused a merger offer by Alizz Islamic Bank. The board requested a new offer on a full cash acquisition basis.
Management Decisions
The board had received a letter from the bank last Monday, which proposed a merger
11 June 2017 11:27 AM UFC Oman to discuss merger with Alizz Islamic Bank
Mubasher: The board of directors of Oman’s United Finance Company (UFC) has approved to hold talks with Alizz Islamic Bank regarding a possible merger. The board had received a letter from the bank last Monday, which proposed a merger on a full …
Mergers and Acquisitions
Market cap lost 0.47% to reach OMR 17.9 billion
9 June 2017 02:32 PM 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
(Photo Credit: Company website)
13 April 2017 03:20 PM United Finance profits down 34% in Q1
Mubasher: United Finance Company on Thursday reported a drop of 34.2% in profits in the first quarter of 2017, compared to the same period in 2016. The company’s profits stood at OMR 757,000 ($1.96 million) in Q1-17, compared to OMR 1.15 million …
Financial Results
(Photo credit: Arabianeye - Reuters)
30 January 2017 10:48 AM United Finance Q4 profits decline 16%
Mubasher: United Finance posted on Sunday a net profit of OMR 1.25 million ($3.23 million) for the fourth quarter of the fiscal year 2016, 15.5% down from OMR 1.48 million ($3.83 million) for Q4-15. Net profit after tax for the fiscal year 2016 …
Financial Results
The Muscat bourse (Photo credit: Arabianeye - Reuters)
9 January 2017 00:57 PM United Finance chairman dies
Mubasher: United Finance Company announced on Monday that its Chairman, Suliman Ahmed Said Al-Hooqani, has passed away. Gulf Stone and Global Financial Investment also mourned Al-Hooqani as he served as a board member in the two companies, …
Board of Directors
Profits reached OMR 760,000 ($1.97 million) in Q3-16 (Photo Credit: Arabianeye-Reuters)
12 October 2016 03:05 PM United Finance posts 44.1% decline in Q3 profit
Mubasher: United Finance Company (UFC) posted a 44.1% decline year-on-year in its profits for the third quarter of 2016, according to a bourse statement. Profits reached OMR 760,000 ($1.97 million) in Q3-16, compared to OMR 1.36 million ($3.52 …
Financial Results
The Muscat Securities Market (Photo credit: Arabianeye - Reuters)
28 July 2016 01:48 PM United Finance posts 5.6% rise in Q2 profit
Mubasher: United Finance Company’s profits grew in the second quarter of the fiscal year 2016 by 5.57% to OMR 1.345 million ($3.482 million), versus OMR 1.274 million ($3.298 million) posted for Q2-15. Net profit also rose in the first half of …
Financial Results
Photo credit: Arabianeye - Reuters
21 April 2016 02:32 PM United Finance Q1 profit rises 2%
Mubasher: United Finance Company said Thursday that its net profit grew in the first quarter of the fiscal year 2016 by 2% year-on-year. Net profit reached OMR 1.15 million ($2.99 million) in Q1-16, versus OMR 1.13 million ($2.94 million) in …
Financial Results
United Finance approves dividends (Photo Credit: Arabianeye-Reuters)
29 March 2016 01:34 PM United Finance approves dividends for 2015
Mubasher: United Finance’s shareholders approved on Monday the proposed dividends for 2015, according to a bourse filing. The shareholders gave the go-ahead to 10% dividends or 10 basias per share, in addition to 5% bonus shares on a 1-for-20 …
Corporate Actions
Photo Credit: Arabianeye-Reuters
26 January 2016 03:44 PM United Finance posts 6% profit rise in FY15
Mubasher: United Finance reported a 6% profit increase to OMR 5.24 million ($13.56 million) in the fiscal year 2015, compared to OMR 4.96 million ($12.84 million) in the fiscal year 2014, according to a bourse filing. Total income reached OMR …
Financial Results
13 January 2016 04:30 PM Disclosure of Initial Unaudited Financial results for the year ended 31 December 2015
Disclosure of Initial UnAudited Financial results for the  year ended 31 December 2015 The initial un-audited financial results of the company for the year ended 31st December 2015 are as mentioned below:  Particulars 2015 2014 Change   RO 000's …
21 October 2015 01:43 PM Unaudited Results for the Third Quarter ended 30th September 2015
Unaudited Results for the Third Quarter ended 30th September 2015  The Board of Directors of United Finance Company SAOG met on 21st October 2015 and approved the Unaudited financials of the company for the period ended 30th September 2015.  Key …
Photo Credit: Arabianeye-Reuters
7 October 2015 10:24 AM United Finance H1 profits rise to OMR 3.8m
Mubasher: United Finance Company reported profits of OMR 3.76 million ($9.73 million) in the first nine months of 2015, up 7.4% from OMR 3.5 million ($9.06 million) in the same period of 2014. Total assets rose from OMR 122,224 during the period …
Financial Results
7 October 2015 08:41 AM Initial unaudited results of the company for the period ended 30th September 2015
Initial unaudited key results of the company for the period ended 30th September 2015  Particulars 30th September 2015 30th September 2014 Change%   RO 000's RO 000's   Total Assets  122,224 122,185 - Total Equity 42,591 39,293 8 Net installment …
Photo Credit: Arabianeye-Reuters
24 August 2015 00:50 PM United Finance refuses merger with Al Omaniya
Muscat-Mubasher: United Finance’s board decided to reject merger with Al Omaniya Financial Services as the latter firm did not make an acceptable financially binding offer, according to a bourse filing. The board met on 23 August to review Al …
Company News
13 August 2015 08:56 AM DISCLOSURE – ACQUISITION
DISCLOSURE – ACQUISITION Further to the earlier disclosures by the company on the subject of merger / acquisition, the Committee of the UFC Board designated for the purpose met on 12th August 2015 to review the response dated 11th August 2015 …
22 July 2015 01:15 PM DISCLOSURE – ACQUISITION
DISCLOSURE – ACQUISITION Further to the earlier disclosures by the company on the subject of merger / acquisition, this is to clarify further that the non-binding indicative offer received from Al Omaniya Financial Services SAOG is in discussion …
15 July 2015 01:24 PM DISCLOSURE – RESIGNATION OF BOARD MEMBER
DISCLOSURE – RESIGNATION OF BOARD MEMBER Further to the market disclosure made on 10.6.2015, this is to inform that the Board of Directors of United Finance Company SAOG met on 15th July 2015, discussed the resignation of Al Salem Co. Ltd., …
15 July 2015 01:15 PM Unaudited Results for the Second Quarter ended 30th June 2015
Unaudited Results for the Second Quarter ended 30th June 2015               The Board of Directors of United Finance Company SAOG met on 15th July 2015 and approved the Unaudited financials of the company for the period ended 30th June 2015.   Key …
8 July 2015 02:13 PM Initial unaudited key results of the company for the period ended 30th June 2015
Initial unaudited key results of the company for the period ended 30th June 2015  Particulars 30th June 2015 30th June 2014 Change%   RO 000's RO 000's   Total Assets 121,768 121,782 - Total Equity 41,323 38,087 8% Net installment Finance Debtors …
30 June 2015 01:20 PM DISCLOSURE – ACQUISITION
Further to the earlier disclosures by the company on the subject of merger / acquisition, United Finance Company SAOG (UFC) has received a written non-binding indicative offer to acquire 100% of the shares in UFC from Al Omaniya Financial Services …
Photo Credit: Arabianeye-Reuters
30 June 2015 09:32 AM NBO backs out of United Finance acquisition
  Oman – Mubasher: The National Bank of Oman (NBO) announced on Tuesday that it will not proceed with the deal to acquire United Finance Company's (UFC) operations. After careful consideration, the bank said it will not pursue this transaction …
Company News
18 June 2015 01:25 PM DISCLOSURE – MERGER / ACQUISITION
Further to the earlier disclosures regarding merger / acquisition, we would like to inform that United Finance Company SAOG has written to the two bidders, namely, Al Omaniya Financial Services SAOG and National Bank of Oman SAOG inviting their …