Dhofar Insurance records 17 percent net profit increase in 2003
Oman’s Dhofar Insurance Company recorded a 17 percent net profit increase for the first nine months of 2003 over results from the same period last reaching 4.41 million Omani rials ($11.4 million).
The company’s Board of Directors has proposed increasing the firm’s share capital by 25 percent through stock dividends, increasing paid up capital from OR 7.5 million to OR 9.375 million.
Dhofar Insurance is the only local insurance company listed on the Muscat Securities Market. The company covers all classes of insurance from motor, TP liability, cargo, fire damage, burglary, personnal accident insurance and cash in transit. — (menareport.com)
© 2003 Mena Report (www.menareport.com)