Saturday 08 / August / 2026
Muscat: The financial results for the first half of this year indicated that the net profits of finance companies listed on the Muscat Stock Exchange (MSX) rose to OMR13.3 million, compared to OMR13.1 million in the same period last year, registering a growth of 1.6 percent.
Finance companies listed on the Muscat Stock Exchange (MSX) confirmed that the government’s directions to develop non-oil sectors and increase their contribution to economic diversification, and the high demand for financing products by individuals, small and medium enterprises (SMEs) and many private sector companies, have boosted the performance of the finance sector and driven revenues and net profits to rise.
Most finance companies recorded strong performance, benefiting from the active business environment in the Sultanate of Oman and the high demand for financing products at a time when many economic sectors witnessed remarkable growth. The National Finance Company achieved a growth of 15.2 percent in net profits, which rose to about OMR8.1 million compared to OMR7 million in the same period last year.
United Finance recorded the highest growth with net profits rising from OMR1.211 million to OMR1.628 million, achieving a growth of 34.4 percent, while the net profits of the Oman Finance Services Company rose from OMR1.689 million to OMR1.761 million, recording a growth of 4.2 percent.
The sector’s performance was affected by the decline in profits of Taajeer Finance and Muscat Finance, as both companies increased provisions in the face of rising non-performing loans. Taajeer Finance’s net profits fell from about OMR2.7 million to OMR1.4 million and Muscat Finance’s profits dropped from OMR520,000 to OMR468,000.
The financial results reflect the continued success of finance companies in achieving stable profits and maintaining the growth of their businesses. The sector is expected to benefit in the coming period from the expansion of economic activity, increased demand for financing, and improved quality of credit portfolios, which will support achieving better growth rates.
Finance companies expressed optimism about their ability to maintain a positive performance during the current year, noting that expansion in non-oil sectors, continued government spending on infrastructure, and efforts to enhance business sector confidence would increase demand for the financing products offered by finance companies.
The companies affirmed their commitment to strengthening their financial positions, improving asset quality, reducing non-performing loans, building high-quality financing portfolios and strong liquidity levels, while working to expand the financing base and provide financing products that meet the aspirations of individual and corporate customers.
The market value of finance companies listed on the Muscat Stock Exchange rose in the first half of this year to OMR274.2 million, recording gains of about OMR56.9 million compared to their levels in December 2025.
National Finance accounts for 50.3 percent of the total market value of finance companies listed on the stock exchange, after its market value rose to OMR137.9 million at the end of June, compared to OMR24.2 million in December 2025. The company’s share rose to 212 baisa at the end of June, compared to 68 baisa in December.
Oman Finance Services came in second with a market value of about OMR48.9 million, and the company’s share rose from 143 baisa to 155 baisa. Taajeer Finance came in third with a market value of OM34 million.
The company’s stock witnessed a decline in the first half of this year, closing at 120 baisa at the end of June, compared to 130 baisa in December 2025. United Finance ranked fourth with a market value of O33.1 million, and the stock recorded a decline from 157 baisa to 93 baisa. Muscat Finance came in fifth place with a market value of OMR20.2 million, and the stock recorded an increase from 53 baisa to 66 baisa.
