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MSX closes higher, supported by financial sector scrips

MUSCAT: MSX30 Index ended the week higher by 1.30 per cent. All sub-indices ended lower except financial index. Services & industrial Index closed lower by 0.64 per cent and 0.30 per cent, respectively. Financial index closed up by 1.42 per cent. MSX Shariah Index closed higher by 0.32 per cent.Oman International Development and Investment Company SAOG.

OMINVEST meets with SMEs at Expo 2020

MUSCAT: In line with its support to Omani Small and Medium Enterprises (SMEs) and innovators participating at Expo 2020 Dubai, a team from Oman International Development and Investment Company (OMINVEST), the leading investment holding group in Oman, met with Omani SME owners and entrepreneurs at its premises.The visiting entrepreneurs are amongst a group.

Ominvest s net profit rises to OMR33 7 million

Ominvest s net profit rises to OMR33.7 million By: Times News Service Muscat: Oman International Development and Investment Company SAOG (Ominvest), one of the oldest and the largest investment company in the Sultanate, announced its initial unaudited financial results for the year ended 31 December 2020. The financial results are subject to statutory audit, review by the Audit and Control Committee, and approval of the Board of Directors of Ominvest. At the group level, net profit attributable to the shareholders of Ominvest rose by 5 per cent to OMR33.7 million, whereas Net profit at the parent company level rose by 6 per cent to OMR38.1 million, compared to the previous year.

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