Alizz Islamic Bank SAOC

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News

16 October 2018 05:16 PM Profit of Omani banks hikes 12% in Q3

By: Salama Abdel Rahman Mubasher: Profits of banks operating in Oman and listed on the Muscat Securities Market (MSM) witnessed an 11.55% year-on-year increase for the third quarter of 2018. Net profits of eight lenders amounted to OMR 96.59 …

Banking and Finance

24 May 2018 01:09 PM Ominvest’s unit in talks with Alizz Islamic Bank about possible merger

Mubasher: Oman-based Alizz Islamic Bank has announced receiving a letter from the Oman Arab Bank to discuss regarding a large cooperation between the two firms that may lead to a merger. Oman Arab Bank is a 50.99% subsidiary of Oman International …

Companies Investments

11 July 2017 11:33 AM Oman’s Alizz withdraws from UFC merger

Mubasher: Alizz Islamic Bank on Tuesday said it has withdrawn from a possible merger with United Finance Company (UFC). The bank added that it was not going “to explore” the merger any further, according to a statement to the Muscat Securities …

Mergers and Acquisitions

21 June 2017 10:21 AM UFC Oman rejects Alizz bank offer

Mubasher: The board of directors of Oman’s United Finance Company (UFC) on Tuesday refused a merger offer by Alizz Islamic Bank. The board requested a new offer on a full cash acquisition basis.

Management Decisions

11 June 2017 10:27 AM UFC Oman to discuss merger with Alizz Islamic Bank

Mubasher: The board of directors of Oman’s United Finance Company (UFC) has approved to hold talks with Alizz Islamic Bank regarding a possible merger. The board had received a letter from the bank last Monday, which proposed a merger on a full …

Mergers and Acquisitions

6 June 2017 11:19 AM Alizz Islamic’s stock hits 27M high on merger talks

Mubasher: Alizz Islamic Bank’s stock jumped 2.3% during Tuesday’s mid-trades on the Muscat Securities Market (MSM) on the back of news that the bank was interested in merging with United Finance Company. The stock reached OMR 0.088, after hitting …

Trading Activities

3 May 2017 05:51 PM Omani banks’ profits rise 4% in Q1 – Report

By: Salama AbdelRahman Mubasher: Financial data for banks listed on the Muscat Securities Market (MSM) showed a 3.76% year-on-year growth in profits for the first quarter of 2017. The combined profits of eight banks stood at OMR 87.28 million …

Financial Results

29 March 2017 10:33 AM Alizz Bank issues sukuk worth OMR 30m

Mubasher: The extraordinary general meeting (EGM) of Alizz Islamic Bank approved issuing a perpetual sukuk at OMR 30 million, according to a statement. The tier 1 additional capital will be issued through a rights issue subject to regulatory …

Corporate Actions

15 January 2017 03:26 PM Al Izz Bank suffers higher losses in Q4

Mubasher: Al Izz Islamic Bank reported a 15% rise in its losses year-on-year during the fourth quarter of 2016, according to a bourse statement. Losses stood at OMR 1.3 million ($3.38 million) in Q4-16, compared to OMR 1.13 million ($2.91 million) …

Financial Results

2 November 2016 01:46 PM Q3 profits of MSM-listed banks decline 12%

By: Islam Fadl Mubasher: The financial statements of the banks listed on the Muscat Securities Market (MSM) showed a 12.1% fall in their profits for the third quarter of fiscal 2016. Total profits of the eight listed banks reached OMR 88.8 million …

Financial Results

13 October 2016 02:43 PM Al Izz Bank Q3 losses deepen 12.7%

Mubasher: Al Izz Islamic Bank’s losses for the third quarter of the fiscal year 2016 worsened by 12.7% to OMR 1.33 million ($3.44 million), versus OMR 1.18 million ($3.05 million) for Q3-15. Net losses for the first nine months of 2016 shrank …

Financial Results

14 July 2016 04:29 PM Al Izz Bank’s losses down 47% in Q2

Mubasher: Al Izz Islamic Bank’s preliminary unaudited financial statements have shown a 46.7% decrease in losses in Q2-16. The bank’s losses reached OMR 800,000 ($2.07 million) in during the quarter, compared to losses of OMR 1.5 million ($3.9 …

Financial Results

17 January 2016 00:53 PM Alizz Islamic Bank losses shrink 2.6% in 2015

Mubasher: Alizz Islamic Bank announced on Sunday that its losses in 2015 narrowed 2.6% to OMR 5.36 million versus OMR 5.5 million in 2014. Net revenues jumped to OMR 6 million last year, compared to OMR 1.93 million in 2014, with a growth of 211%, …

Financial Results

14 January 2016 01:58 PM alizz islamic bank initial unaudited results for the year ended 31 December 2015

alizz islamic bank SAOG announces its initial unaudited results for the year ended 31 December 2015 as follows:   For the year ended 31 December 2015 For the year ended 31 December 2014 Change %     Financing receivables 199,442,214 69,997,585 …

4 November 2015 11:29 AM Al Izz Islamic Bank signs MoU with Takaful Oman

Mubasher: Al Izz Islamic Bank  has signed a memorandum of understanding (MoU) with Takaful Oman Insurance, to t provide the bank’s customers with motor Takaful policies at special rates. Takaful Oman will issue motor Takaful policies from the …

Companies Investments

14 October 2015 11:17 AM Al Izz Islamic Bank 9M losses fall to OMR 4.2m

Mubasher: Al Izz Islamic Bank reported losses of OMR 4.23 million ($10.95 million) in the first nine months of 2015, down 4.5% from OMR 4.43 million ($11.47 million) in the same period of 2014, according to a bourse filing. Total deposits …

Financial Results

14 October 2015 08:24 AM alizz islamic bank initial unaudited results for the quarter ended 30 September 2015

alizz islamic bank SAOG announces its initial unaudited results for the period ended 30 September 2015 as follows:   Amounts in Rials Omani Amounts in Rials Omani   For the period ended        30 September   2015 For the period ended    30 …

15 July 2015 01:00 PM Al Izz Islamic losses rise 15.5% in H1

Doha-Mubasher: Al Izz Islamic Bank’s losses increased 15.33% to reach OMR 3.053 million ($7.9 million) in the first half of 2015, compared to OMR 2.65 million ($6 million) in the same period of 2014. The company’s losses rose 6.7% to OMR 1.57 …

Company News

15 July 2015 00:39 PM Initial unaudited results for the quarter ended 30 June 2015 of alizz islamic bank SAOG

alizz islamic bank SAOG announces its initial unaudited results for the quarter ended 30 June 2015 as follows:   For the period ended 30 June 2015 For the period ended 30 June 2014 Financing receivables 140,115,461 27,244,160 Total assets …

1 June 2015 00:38 PM alizz islamic bank Opens its newest branch in Wattaya

alizz islamic bank celebrated the official launch of its new Branch in Wattaya, Muscat. The opening ceremony took place on Monday, June 1st under the auspices of His Excellency Sayyid Ahmed bin Hilal Al Busaidi, Wali of Muttrah, in the presence of …

27 April 2015 07:32 AM Unaudited results for the quarter ended 31 March 2015

alizz islamic bank SAOG announces its unaudited results for the quarter ended 31 March 2015 as follows:   For the quarter ended 31 March 2015 For the quarter ended 31 March 2014 Financing receivables 112,673,776 20,712,940 …

15 April 2015 01:17 PM alizz islamic bank Initial unaudited results for the quarter ended 31 March 2015

alizz islamic bank SAOG announces its initial unaudited results for the quarter ended 31 March 2015 as follows:   For the quarter ended 31 March 2015 For the quarter ended 31 March 2014 Financing receivables 112,673,776 …

9 April 2015 07:55 AM Alizz islamic bank- soft launch of Al Wattayah Branch

alizz islamic bank is pleased to announce the soft launch of its sixth branch located in AlWattayah today 9th April 2015 . The opening of the new AlWattayah Branch is part of the Bank's plan to expand the branch network to bring banking services …

26 March 2015 07:48 AM Major resolutions passed during alizz islamic bank AGM held on 25th March 2015

The following resolutions were passed during the Ordinary Annual General Meeting held on  25th  March 2015 .   Approval of the Board of Directors report for the financial year ended 31st December 2014. Approval of the Corporate …

19 March 2015 00:10 PM alizz islamic bank - Notice to the shareholders to attend the Annual General Meeting (AGM)

The Board of Directors of alizz islamic bank S.A.O.G ( Bank)  has the pleasure to invite all the shareholders to attend the Annual General Meeting (“AGM”) scheduled to be held on Wednesday , 25th   March 2015 at 5.00 p.m at the …