Oman United Insurance SAOG (OUIC)

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News

18 May 2017 09:25 AM S&P affirms Oman United Insurance ratings

Mubasher: Standard & Poor’s (S&P) on Thursday affirmed its “BBB” rating on the Muscat-listed Oman United Insurance, according to the company's statement. S&P's outlook for the company has been changed to negative from stable after downgrading of …

Ratings

29 March 2017 02:38 PM Oman United Insurance to distribute 30% dividends

Mubasher: The shareholders of Oman United Insurance has approved the distribution of cash dividends for the year 2016, according to a bourse filing. Dividends will be distributed at 30 baisa per share or 30% of capital, with a total value of OMR 3 …

General Assembly

12 January 2017 09:56 AM Oman United Insurance profits fall in Q4

Mubasher: Oman United Insurance posted a 60% year-on-year decline in its profits during the fourth quarter of 2016, according to a bourse filing. Profits reached OMR 60,000 ($155,300) in Q4-16, compared to OMR 150,000 ($388,250) in Q4-15. In 2016, …

Financial Results

6 November 2016 01:08 PM Omani insurance sector shifts to losses in Q3

By: Islam Fadl Mubasher: The insurance companies listed on the Muscat Securities Market (MSM) suffered a net losses of OMR 1.77 million ($4.58 million) in the third quarter of fiscal 2016, compared to a total profit of OMR 628,600 ($1.63 million) …

Financial Results

20 October 2016 08:58 AM S&P affirms Oman United Insurance’s ratings

Mubasher: Standard & Poor's (S&P) affirmed on 19 October its “BBB” financial strength and counterparty credit ratings on Oman United Insurance Co. (OUIC), with a “Stable” outlook, according to a statement. Last February, the ratings agency also …

Ratings

12 October 2016 11:32 AM Oman United Insurance swings to profit in Q3

Mubasher: Oman United Insurance Company posted turned profitable in the third quarter of 2016, according to a bourse statement. Profits reached OMR 788,300 ($2.04 million) in Q3-16, against losses of OMR 40,800 ($105,530) in Q3-15. The company …

Financial Results

27 April 2016 00:39 PM Oman United Insurance’s profit rises 121% in Q1

Mubasher: Oman United Insurance Company’s profit rose in the first quarter of fiscal 2016 by 121.12% year-on-year. Net profit reached OMR 2.33 million ($6.03 million) in Q1-16, versus OMR 1.05 million ($2.73 million) in Q1-15. Total revenue neared …

Financial Results

28 February 2016 00:28 PM S&P affirms Oman United Insurance’s rate at BBB

Mubasher: Standard & Poor’s rating agency (S&P) reiterated the rating of Oman United Insurance Company (OUIC) at BBB, with a ‘stable’ outlook. S&P said in a report that the Omani insurance company has sufficient resources to cover potential …

Ratings

18 February 2016 11:57 AM Oman United Insurance turns profitable in Q4

Mubasher: Oman United Insurance generated profits of OMR 151,300 ($391,700) in the fourth quarter of 2015, against losses of OMR 813,000 ($2.1 million) in the same quarter of 2014, according to the company’s audited financials on Thursday. Profits …

Management Decisions

21 January 2016 11:00 AM Oman United Insurance posts 9% fall in annual profit

Mubasher: Oman United Insurance company’s unaudited financial statements showed an 8.8% year-on-year decline in 2015 profit. Net profit after tax reached OMR 3.25 million in 2015, versus OMR 3.57 million in 2014. Gross written premium was valued …

Financial Results

14 October 2015 07:36 AM Disclosure of preliminary summarized un-audited results for the nine months period ended 30th September 2015

In compliance with Article (3) of Disclosure Rules issued by CMA, the management of Oman United Insurance Company SAOG is pleased to disclose the preliminary summarized un-audited results for the nine months period ended 30th September 2015, as …

13 October 2015 08:09 AM Unclaimed Dividends for the year ended 31st December 2014

Oman United Insurance Company SAOG is pleased to announce to its honored Shareholders that we have authorized  Muscat Clearance & Depository Company to distribute the dividends approved by the AGM dated 30th March 2015. The Shareholders who …

22 September 2015 10:22 AM United Insurance names Muthukumar as CEO

Mubasher: Oman United Insurance said the board has promoted  R. Muthukumar as the new chief executive officer.  This decision was approved by the Capital Market Authority (CMA), the company announced in a filing to the Muscat Securities Market …

Board of Directors

22 September 2015 07:02 AM Recruitment of Chief Executive Officer

To our honored shareholders and  investors community This is to advise you that the Board of Director decided to prompt Mr. R. Muthukumar  who was acting  the Chief Executive Officer of the company to the position of Chief Executive Officer . The …

30 July 2015 07:32 AM Unaudited Financials for the 1sth Half 2015

Dear Shareholders and investors community Oman United Insurance Company SAOG is pleased to advise you all that a full set of un-audited financials along with the relating reports for the 1st Half ending 30th June 2015, have been posted to the …

22 July 2015 02:39 PM S&P affirms Omani insurance firm, with ‘stable’ outlook

Standard & Poor’s rating agency affirmed Oman United Insurance Company (OUIC) at BBB, with a ‘stable’ outlook, the company said in a bourse filing. S&P viewed the Omani company as one of the leading insurers in Oman, with moderately strong capital …

Company News

22 July 2015 00:21 PM Standard & Poor’s ratings

It is our honor to announce a report issued by Standard & Poor’s ratings which affirmed the ratings of Oman United Insurance at BBB with a stable outlook. The report pointed out the following: Oman United Insurance Co. SAOG (OUIC) was viewed as …

14 July 2015 08:05 AM The preliminary summarized un-audited results for the six months period ended 30th June 2015

In compliance with Article (3) of Disclosure Rules issued by CMA, the management of Oman United Insurance Company SAOG is pleased to disclose the preliminary summarized un-audited results for the six months period ended 30th June 2015, as …

27 April 2015 10:51 AM OUIC posts 39% drop in quarterly profits

Muscat-Mubasher: Oman United Insurance Company (OUIC) posted a profit of OMR 1.053 million in the first quarter ended 31 March 2015, compared to QAR 1.721 million in Q1-14, recording a decline of 38.8%, according to a filing to Muscat Securities …

Financial Results

27 April 2015 08:13 AM Unaudited Financials 1st Q 2015

Dear Shareholders and investors community Oman United Insurance Company SAOG is pleased to advise you all that a full set of un-audited financials along with the relating reports for the 1st Quarter 2015, have been posted on the website of …

9 April 2015 00:46 PM Dividends Distribution year 2014

Oman United Insurance Company SAOG is pleased to advise its shareholders that  the cash dividend of 22  baisas per share for the financial year ended 2014, was approved in the Annual General Meeting held on 30th March 2015. The Company …

31 March 2015 06:53 AM Important Board Decisions

First: The Board elected the Chairman and Deputy Chairman as following: The Board unanimously elected Sayyid Salim Bin Nassir Al Busaidi as the Chairman. Mr. Saud Bin Ahmed Al Nahari  as  Deputy Chairman. Second: The Board decided to …

2 March 2015 07:26 AM Invitation for the Annual General Meeting scheduled 30 March 2015

Invitation to attend the Annual General Meeting The Board of Directors of Oman United Insurance Company SAOG have the pleasure to inviting the honorable shareholders to attend the Annual General Meeting to be held on Monday 30th March 2015 at 4:30 …

19 February 2015 08:08 AM Most importatnt Board decisions and recommendation of cash dividends of 22%

Dear honorable shareholders and investors community, We would like to announce that the Board of Oman United Insurance Company SAOG  held its  meeting on yesterday evening (Wednesday 18h February 2015) and approved the audited …

18 January 2015 08:20 AM Preliminary summarized unaudited results 2014

In compliance with Article (3) of Disclosure Rules issued by CMA, the Management of Oman United Insurance Company SAOG,  is pleased to disclose the preliminary summarized un-audited results for the year ended 31st December 2014, as …