Muscat Listed Finance Firms' Net Profits Rise to OMR 13.3 Million
Source: Al Watan Oman (الوطن)
The story in brief
Muscat Stock Exchange-listed finance companies recorded a combined net profit of OMR 13.3 million in the first half of the current year, marking a 1.6% increase from OMR 13.1 million in the same period last year. This growth is attributed to government initiatives promoting non-oil sectors, economic diversification, and increased demand for financing products from individuals, SMEs, and private sector entities. While National Finance and United Finance saw significant profit increases of 15.2% and 34.4% respectively, Taageer Finance and Muscat Finance experienced declines due to higher provisions for non-performing loans.
Detailed summary
Finance companies listed on the Muscat Stock Exchange reported a combined net profit of OMR 13.3 million for the first half of the current year. This represents a 1.6% growth compared to OMR 13.1 million recorded in the corresponding period of the previous year. This positive performance is largely due to governmental directives aimed at developing non-oil sectors, boosting their contribution to economic diversification, and a surge in demand for financial products from individuals, small and medium enterprises, and various private sector companies. These factors have bolstered the finance sector's performance, leading to increased revenues and net profits.
The financial results for the first half indicate robust performance across most finance companies, benefiting from Oman's active business environment and heightened demand for financing. National Finance recorded a 15.2% increase in net profits, reaching approximately OMR 8.1 million, up from OMR 7 million in the same period last year. United Finance achieved the highest growth, with net profits soaring by 34.4% from OMR 1.211 million to OMR 1.628 million. Oman Orix Leasing Company also saw its net profits rise by 4.2%, from OMR 1.689 million to OMR 1.761 million.
However, the sector's overall performance was impacted by a decline in profits for Taageer Finance and Muscat Finance. Both companies increased provisions to counter rising non-performing loans. Taageer Finance's net profits decreased from approximately OMR 2.7 million to OMR 1.4 million, while Muscat Finance's profits dropped from OMR 520,000 to OMR 468,000.
Despite these mixed results, the financial performance underscores the finance companies' ability to maintain stable profits and business growth. The sector is anticipated to benefit from expanding economic activity, increased demand for financing, and improved credit portfolio quality in the coming period, which should lead to better growth rates. Finance companies remain optimistic about their continued positive performance throughout the current year, citing the expansion of non-oil sectors, sustained government spending on infrastructure, and efforts to enhance business confidence as key drivers for increased demand for their financing products. Oman Orix Leasing Company ranked second by market capitalization at approximately OMR 48.9 million, with its share price rising from 143 baisa to 155 baisa. Taageer Finance was third with a market capitalization of OMR 34 million, though its share price declined from 130 baisa in December 2025 to 120 baisa by the end of June this year. United Finance ranked fourth with OMR 33.1 million, and its share price fell from 157 baisa to 93 baisa. Muscat Finance held the fifth position with a market capitalization of OMR 20.2 million, and its share price increased from 53 baisa to 66 baisa.
Background & context
This story sits within Oman's broader reform agenda and efforts to grow Oil & Gas as a pillar of non-oil GDP. The region benefits from supportive energy prices, expansionary government budgets, and rising interest from sovereign wealth funds and foreign investors.
Key numbers & facts
- Muscat Stock Exchange-listed finance companies recorded a combined net profit of OMR 13.3 million in the first half of the current year, marking a 1.6% increase from OMR 13.1 million in the same period last year.
- While National Finance and United Finance saw significant profit increases of 15.2% and 34.4% respectively, Taageer Finance and Muscat Finance experienced declines due to higher provisions for non-performing loans.
- Finance companies listed on the Muscat Stock Exchange reported a combined net profit of OMR 13.3 million for the first half of the current year.
- This represents a 1.6% growth compared to OMR 13.1 million recorded in the corresponding period of the previous year.
- National Finance recorded a 15.2% increase in net profits, reaching approximately OMR 8.1 million, up from OMR 7 million in the same period last year.
Key points
- Muscat Stock Exchange-listed finance companies recorded a combined net profit of OMR 13.3 million in the first half of the current year, marking a 1.6% increase from OMR 13.1 million in the same period last year.
- This growth is attributed to government initiatives promoting non-oil sectors, economic diversification, and increased demand for financing products from individuals, SMEs, and private sector entities.
- While National Finance and United Finance saw significant profit increases of 15.2% and 34.4% respectively, Taageer Finance and Muscat Finance experienced declines due to higher provisions for non-performing loans.
- Finance companies listed on the Muscat Stock Exchange reported a combined net profit of OMR 13.3 million for the first half of the current year.
Why this matters
This matters because activity in Oil & Gas, Capital Markets shapes capital flows, hiring and investor sentiment across Oman.
Economic & market impact
Potential impact: - Oil & gas majors and oilfield services may react to volume, price or policy signals. - Listed GCC equities and indices may see direct trading reaction.
GCC angle
For the rest of the GCC, this is a signal on the pace of activity in Oil & Gas, Capital Markets. Capital flows and regulatory decisions in one Gulf state typically travel across borders given the similar economic structures and the coordination inside the GCC framework.
Risks & uncertainty
There is uncertainty around the read-through: projections can be moved by swings in oil prices, by US monetary policy tightening that most GCC central banks track via dollar pegs, and by regional geopolitical events. Headline numbers may also be revised when subsequent official data is published.
What happens next?
Watch for upcoming disclosures from listed names in Oil & Gas, Capital Markets, official macro releases for Oman, and any commentary from regulators or sovereign wealth funds. Tharwa will refresh this briefing as new public information becomes available.
Sources used
This is an original Tharwa briefing based on the available source material. Read the full article from the publisher.