VOL. XXXVIII
NO. 32
8-MAY-1995
Financial and Banking News
Bank Results
Bank Muscat Al-Ahli Al-Omani Produces Strong 1994 Results
Oman's largest bank has announced a 59% jump in profits in the year to 31December 1994, the bank's second full year of operation following the merger ofBank Muscat and Bank Al-Ahli Al-Omani at the beginning of 1993. Net profits wereOR5.09mn, up from OR3.21mn in 1993. The bank is proposing cash dividends ofOR3.6mn, or 71% of net profits for the year.
The increase in profits...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!