Mubasher: Al Batinah Development and Investment Holding reported profits of OMR 99,090 ($256,580) in the fourth quarter of 2016 against losses of OMR 17,210 ($44,560) in Q4-15, as shown by the company’s unaudited financial results.

Al Batinah’s annual profits grew 445% and totalled OMR 382,810 in 2016 compared to OMR 70,260 in 2015, according to the company’s statement to the Muscat Securities Market (MSM) on Sunday.

The stock of Al Batinah Development went up 7.22% and ended today’s session at OMR 0.104, with a total turnover of OMR 174,310, and a traded volume of 1.67 million shares.