Net profits of MSX-listed rises to about OMR1.2bn in the half of 2026

Muscat: Net profits of public shareholding companies listed on the Muscat Stock Exchange (MSX) rose by a hefty 26% to about OMR1.2 billion in the first half... Net profits of MSX-listed rises to about OMR1.2bn in the half of 2026 Saturday 29/August/2026 15:04 PM By: Times News Service Muscat: Net profits of public shareholding companies listed on the Muscat Stock Exchange (MSX) rose by a hefty 26% to about OMR1.2 billion in the first half of this year compared to OMR949.8 million in the same period last year. The initial financial results announced by public shareholding companies indicated the achievement of a number of positive figures, benefiting from the companies’ trend towards raising their operational efficiency, controlling costs, diversifying their products and services, and improving productivity. The companies also benefited from increased government spending, the rise in the average price of Omani oil, and the improvement in economic activity, which provided a supportive economic and financial environment for the activities of banks, financial and industrial companies, and companies operating in the services sector. The first half of this year saw an increase in the number of companies that recorded profits to 82 companies, compared to 80 companies that recorded profits in the first half of last year, while the number of companies that recorded losses decreased from 14 companies to 12 companies. Eight companies were able to move from losses to profits, compared to six companies that moved from profits to losses, and six other companies recorded losses in both periods. Omantel Group topped the list of companies with the highest profits, with the group's profits in the first half of this year rising to OMR292.7 million compared to OMR168.7 riyals in the first half of last year, registering a growth of 73.5 percent. Omantel said that this rise is due to the increase in the group's revenues in the main operating markets and the increase in investment income from the Zain Group, noting that the net profit attributable to the company's shareholders rose from OMR36.6 million to OMR58.6 million Omani riyals. OQ Exploration and Production (OQEP) came in second with net profits of OMR199 in the first half of this year compared to OMR166.6 million in the same period last year, registering a growth of 19.4 percent.