Announcing the Resolutions of Board Meeting
Title :
Announcing the Resolutions of Board Meeting ALFAJAR ALAMIA
Content :
The board of directors discussed the topics listed on the agenda in its meeting no. 01 held on 02/09/2026 and passed the following resolutions.
Disclosure of Board meeting resolution as of 02-09-2026
The Board of Directors of Al Fajar Al Alamia Co SAOG met on 02-09-2026 to discuss the audited financials and other important matters, a summary of which is as under:
1. Financial statement for the year ended 30th June 2026 audited by Crowe Oman, statuary auditors, approved by the Board. The following is a summary of the Company's main financial statements.
|
|
Group |
% |
Parent Company |
% |
||
|
|
30.06.2026 |
30.06.2025 |
|
30.06.2026 |
30.06.2025 |
|
|
|
RO in ‘000 |
RO in ‘000 |
|
RO in ‘000 |
RO in ‘000 |
|
| Revenue |
16,876 |
10,474 |
61% |
8,073 |
5,380 |
50% |
| Expenses |
(15,116) |
(10,808) |
40% |
(6,302) |
(4,083) |
54% |
| Profit/(Loss) from Operations |
1,760 |
(334) |
629% |
1,771 |
1,297 |
37% |
| Finance Cost |
(2,253) |
(2,000) |
13% |
(937) |
(933) |
0% |
| Impairment of Investment in subsidiary |
- |
- |
- |
(181) |
(156) |
16% |
| Impairment of investment in an associate |
- |
(140) |
(100%) |
- |
(140) |
(100%) |
| Share of loss from investment in an associate |
(51) |
(151) |
(66%) |
(51) |
(151) |
(66%) |
| Tax |
(334) |
(92) |
263% |
(116) |
(105) |
10% |
| Net Profit/(Loss) after tax |
(878) |
(2,717) |
(68%) |
486 |
(188) |
359% |
Note: Net Profit/Loss) after tax changed compared with initial results published due to loss of investment in an associate, made during the audit.
2. The Board of Director have recommended not to declare any cash dividend for the period ended 30th June 2026.
3. The external auditors have presented a qualified opinion with regard to the impairments of the goodwill, as they were unable to satisfy themselves that the projections are achievable, and hence were unable to determine whether any adjustment to the carrying value of goodwill and the related impairment loss might be necessary as of 30 June 2026. The management has a solid view of the achievability of the projection presented.
4. The Financial statements and the appointment of the company’s statuary auditors are subject to the approval of the shareholders in the AGM of the company Proposed to be on 27th September 2026.
The audited financial statements along with the chairman’s report, Management Discussion and Analysis Report, Corporate Governance Report and External Auditors Report will be unloaded on the Muscat Stock Exchange website within the statutory period of two weeks before the Annual General Meeting.
---------------------------------------------
Mohd Talal Omar
Chief Executive Officer
*Board meeting resolutions have to be disclosed one hour, at least, before the beginning of the next day trading session.
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