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United Finance Company Saog (Oman)

Main Activities: Other Financial Investment Activities
Full name: United Finance Company Saog Profile Updated: March 12, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

United Finance Company (UFC) has issued and paid-up capital of RO 5 million ($13 million) in the form of 5 million RO 1 ($2.60) shares. It raised 40 per cent of its equity in a public offering which closed heavily oversubscribed on 13 November 1997. It was established by a group of 19 investors to provide financing for industrial, commercial, building and contracting companies and for vehicle purchases. UFC aims to capture a 7-8 per cent share of the vehicle financing market, which is estimated at about 3,000 vehicles with a total financing cost of some RO 22 million ($57 million). The company also offers 12-month loans for home furnishings and improvements. UFC faces competition from Muscat Finance Company, Oman Orix Leasing Company, Al-Omaniya Financial Services Company and Oman Leasing Company.

Headquarters
P.O.Box 3652
Ruwi; Musqat; Postal Code: 112

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Website: http://www.ufcoman.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1997
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Chief Executive Officer
Ownership Details
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33.58%
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7.54%
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5.65%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency OMR. Absolute financial data is included in the purchased report.
Operating profit (EBIT)
11.66%
Net Profit (Loss) for the Period
11.67%
Total assets
11.59%
Total equity
1.73%
Total Assets Trend
1.46%
Net Interest Income Trend
-95.09%

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