Oman Hotels and Tourism SAOC

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News

25 May 2017 11:59 AM Oman Hotels to establish hotels worth OMR 100m

Mubasher: Oman Hotels and Tourism Company on Thursday announced its intention to establish ten new hotels worth OMR 100 million throughout its five-year plan (2017-2021), according to Omandaily newspaper. The company announced its five-year plan …

Companies Investments

11 April 2017 08:41 AM Oman Hotels inks deal with Golden Tulip

Mubasher: Oman Hotels and Tourism on Monday has signed a hotel management agreement with Golden Tulip Middle East and North Africa. The agreement includes managing Ruwi Hotel under the trademark Tulip Inn, according to a recent bourse statement. …

Companies Investments

16 October 2016 03:11 PM Oman Hotels profits hike 657% in Q3

Mubasher: The unaudited financial results of Oman Hotels and Tourism revealed that its net profits surged 657% in the third quarter of 2016, according to a bourse filing.                     The company posted OMR 4.21 million ($10.89 million) …

Financial Results

26 July 2016 11:02 AM Oman Hotels Q2 profits down 2.5%

Mubasher: The unaudited financial results of Oman Hotels and Tourism revealed that its net profits declined 2.5% in the second quarter of 2016 (Q1-16), according to a bourse filing.                     The company registered OMR 1.105 million …

Financial Results

15 June 2016 08:39 AM Oman Hotels’ shareholders approve dividends, bonus shares

Mubasher: Oman Hotels and Tourism company’s ordinary and extraordinary general meetings (OGM, EGM) agreed yesterday on distributing cash dividends at 200 baisas per share (200% of the capital). The OGM also approved to distribute 27-for-100 bonus …

General Assembly

7 June 2016 10:12 AM Oman Hotels’ comprehensive income shrinks OMR 7.01m

Mubasher: Oman Hotels and Tourism Company’s (OHTC) audited comprehensive income value was reduced by OMR 7.01 million to OMR 4.69 million for Q1-16 instead of OMR 11.69 million, which were reported on 1 May, according to a bourse filing. “The …

Financial Results

29 May 2016 10:18 AM Oman Hotels’ shareholders to discuss capital renewal, cash dividends

Mubasher: Oman Hotels and Tourism Company invited its shareholders to attend the company’s ordinary and extraordinary general meetings (OGM, EGM) on 14 June. According to a bourse filing released on Sunday, the EGM will discuss renewing the …

Event

17 April 2016 11:00 AM Oman Hotels reports 8.8% decline in Q1 profit

Mubasher: Oman Hotels and Tourism Company’s profit shrank in the first quarter of fiscal 2016 by 8.8% year-on-year. Net profit came to OMR 775,000 ($2.01 million in Q1-16, versus OMR 850,000 ($2.2 million) in Q1-15, according to the company’s …

Financial Results

26 January 2016 10:58 AM Oman Hotels posts 7% rise in annual profit

Mubasher: The unaudited financial statements of Oman Hotels and Tourism Company showed a 7.3% year-on-year rise in net profit of 2015. Net profit after tax reached OMR 2.65 million last year, compared to OMR 2.47 million in 2014. Total revenues …

Financial Results

25 January 2016 09:33 AM OEIO subsidiary to sell assets in Al Falaj Hotels

Mubasher: Oman Hotels and Tourism Company’s (OHTC) shareholders approved in their meeting on 24 January to sell the assets and business of Al Falaj Hotels to Aitken Spence Resorts for OMR 14 million, according to a bourse filing on Monday. Oman …

Companies Investments

5 January 2016 10:04 AM Oman Hotels to discuss selling Al Falaj 24 Jan

Mubasher: Oman Hotels and Tourism invited shareholders on Tuesday to attend the extraordinary general meeting (EGM), due to be held on 24 January 2016, for discussing a proposal to sell Al Falaj Hotel in Muscat for OMR 14 million. The …

General Assembly

14 October 2015 08:44 AM Unaudited, Unapproved initial Financial Results for the nine Months ended 30th September 2015

Unaudited, Unapproved Initial Financial Results for the nine months ended 30th September 2015 The Management of Oman Hotels and Tourism Company SAOG, is pleased to announce the initial unaudited results for the Nine months ended 30th September …

11 October 2015 10:53 AM Oman Hotels gets OMR 14m offer for Al Falaj

Mubasher: Oman Hotels and Tourism Company has received a nonbinding offer worth OMR 14 million for the acquisition of the assets and business of Al Falaj Hotel. The offer is subject to the legal and financial due diligence by the prospective …

Companies Investments

11 October 2015 08:31 AM Non-Binding offer for acquisition of Al Falaj Hotel

Oman Hotels and Tourism Company SAOG would like to disclose that the Company has received a nonbinding offer for the acquisition of the assets and business of Al Falaj Hotel for a consideration of RO 14 million. The offer is subject to the legal …

7 October 2015 07:07 AM Appointment of a Temporary Director

The Board of Directors of Oman Hotels and Tourism Company SAOG, resolution by circular dated 6th October 2015, resolved to appoint Mr. Gurusami Kolandan as temporary Director to fill in the vacant seat on the Board, till the next Annual General …

21 July 2015 09:46 AM Oman Hotels and Tourism H1 profits up 7.4%

Oman Hotels and Tourism recorded earnings worth OMR 1.371 ($3.5 million) in the first half ended 30 June, compared to OMR 1.276 million ($3.3 million) in the corresponding period of 2014, an increase of 7.4%. The audited financials of the Omani …

Financial Results

13 May 2015 08:21 AM Unaudited Financial Statement for the three months period ended 31st March 2015

  OMAN HOTELS AND TOURISM COMPANY SAOG   FIRST QUARTER UNAUDITED FINANCIAL RESULTS     The Board of Directors of Oman Hotels and Tourism Co. SAOG have approved the unaudited financial results for the first quarter ended 31st …

13 May 2015 08:14 AM Acquisition of plot of land for a hotel project

  Acquisition of plot of land for a hotel project To announce that Oman hotels and Tourism Company SAOG had acquired a plot of land 3044 sqm at a cost of RO 2,058,315 in rapidly growing Al Khuwair area to construct a hotel. Feasibility study …

26 April 2015 09:11 AM Oman Hotels Q1 profit grows 8%

Muscat-Mubasher: Oman Hotels and Tourism Company reported a slight rise in its profit by 7.9% for the first quarter ended 31 March 2015, reaching OMR 892,000 compared to OMR 788,000 in Q1-14, according to a filing to Muscat Securities Market.The …

Corporate Actions

26 April 2015 08:12 AM Unaudited, Unapproved Initial Financial Results for the first quarter ended 31st March 2015

Unaudited, Unapproved Initial Financial Results for the first quarter  ended 31st March 2015 The Management of Oman Hotels and Tourism Company SAOG, is pleased to announce the initial unaudited results for the first three months ended 31st …

18 March 2015 10:34 AM Oman Hotels OGM approves financials

 Oman – Mubasher: Oman Hotels and Tourism announced in a filing to the Muscat Securities Market (MSM) that its ordinary general meeting (OGM) approved annual financials for 2014.Audited financials for the period show a growth by 7% to OMR 2.5 …

Company News

18 March 2015 09:48 AM Important Decisions Taken at the AGM of Oman Hotels & Tourism Co. SAOG

OMAN HOTELS AND TOURISM COMPANY SAOG   Important Decisions Taken at the  AGM of Oman Hotels & Tourism Co. SAOG The Annual General Meeting  of Oman hotels & Tourism Co. SAOG held on 16th March 2015 at 5:00 PM at Al Falaj …

17 March 2015 09:18 AM Oman Hotels to raise stake in United Finance

 Oman – Mubasher: Oman Hotels and Tourism Co. said in a bourse filing that the Capital Market Authority (CMA) has approved the company’s request to increase its stake to 35% in United Finance Company (UFC).The hotels firm currently holds …

Corporate Actions

17 March 2015 07:37 AM CMA Approval to increases stake in United Finance Company SAOG

We would like to inform that CMA has granted its approval to increase OHTC stake in United Finance Company SAOG to 35%. The currently OHTC is holding 24.99% in UFC.

26 February 2015 00:52 PM Invitation to the Annual General Meeting

OMAN HOTELS AND TOURISM COMPANY SAOG AGENDA FOR THE ANNUAL GENERAL MEETING     The Board of Directors of Oman Hotels and Tourism Company SAOG (OHTC) have the pleasure to invite the Shareholders to the  Annual General Meeting of the …