United Power Co SAOC

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News

12 May 2017 03:38 PM MSM ends week in red

Mubasher: The Muscat Securities Market (MSM) saw a negative performance in the week ended 11 May. The main index fell 0.8% or 43.78 points to reach 5,432.14 points. Traded volume grew 33.29% week-on-week to 50.79 million shares, while turnover …

Trading Activities

7 December 2016 04:02 PM United Power to deliver Manah power plant by 2020

 Mubasher: United Power SAOG will deliver the two phases of Manah Power Plant to the government by 2020, said a bourse filling. On the other hand, the company stated that in terms of the Power Purchase Agreement (PPA)it awarded by  the  Ministry …

Companies Investments

8 November 2016 03:30 PM MSM-listed energy firms’ Q3 profit rises 1.3%

By: Salama Abdulrahman Mubasher: The financial statements of the energy companies listed on the Muscat Securities Market (MSM) showed a year-on-year growth in their total net profits for the third quarter of fiscal 2016. Total profits of 11 listed …

Financial Results

16 October 2016 01:20 PM United Power Q3 profit declines 33%

Mubasher: United Power reported on Sunday a net profit of OMR 164,000 ($424,480) for the third quarter of fiscal 2016, 33.1% down from OMR 245,000 ($634,120) for Q3-15. In the first nine months of 2016, net profit fell 34.3% to OMR 516,000 from …

Financial Results

28 August 2016 01:37 PM Omani power firms’ profits rise 5.4% in Q2

By: Salama Abdulrahman Mubasher:  The financial statements of the power companies listed in the Muscat Securities Market (MSM) for the second quarter of fiscal 2016 showed an increase of 5.4% in their profits, compared to the same period of 2015. …

Sector Reports

17 July 2016 01:45 PM United Power posts 34% fall in Q2 profit

Mubasher: The United Power’s unaudited financial statements showed a decline of 34% year-on-year in the company’s net profit for the second quarter of fiscal 2016. Net profit reached OMR 178,000 in Q2-16, versus OMR 269,000 in Q2-15, according to …

Financial Results

12 April 2016 10:59 AM United Power's profits up 36% in Q1

Mubasher: The unaudited financial results of Oman’s United Power showed a fall of 35.79% in the profit in the first quarter of fiscal 2016. Net profit reached OMR 174,000 ($450,500) in Q1-16, versus OMR 271,000 ($701,640) in the same period of …

Financial Results

7 February 2016 03:52 PM United Power proposes cash dividend; names new members

Mubasher: United Power Company’s board of directors recommended the distribution of cash dividends and appointed new members. The board proposed paying cash dividends for common and preferred stocks at 50% and 54.5% to 500 baisa and 545 baisa …

Management Decisions

19 January 2016 11:12 AM United Power profits up 5% in FY15

Mubasher: United Power Company reported a 5% profit increase to OMR 1.07 million ($2.77 million) in the fiscal year 2014/15, compared to OMR 1.02 million ($2.64 million) a year earlier. Total revenues rose 5.3% to OMR 10.93 million during the …

Financial Results

18 January 2016 04:44 PM Annual initial un-audited financial results for the year ended 31 Dec 2015

Pursuant to Article 3 of Rules and Guidelines on Disclosure by Issuer of Securities and Insider Trading issued by Capital Market Authority, United Power Company SAOG is pleased to disclose the following annual un-audited financial results for the …

12 January 2016 04:38 PM Disclosure - Replacement of the representative of a Juristic Party

  We have been sadly informed by MODPF that its nominee director, Sultan bin Sulaiman Al Mahrooqi has left us on heavenly abode. We pray that his soul rest in peace.       We have also been informed by Ministry of Defence Pension Fund, which holds …

13 October 2015 09:04 AM initial un-audited results for the 9-month period ended 30 September 2015.

United Power Company SAOG announces initial un-audited results for the 9-month period ended 30 September 2015.   Pursuant to Circular E/5/2014 on the Disclosure of Initial Quarterly Financial Results issued by the Capital Market Authority, United …

11 August 2015 04:57 PM United Power cuts capital to OMR 2m

  Oman – Mubasher: United Power said its shareholders have approved a capital reduction from OMR 5 million to OMR 2 million with shares to be at a par value of OMR 1 per share, according to a filing to the Muscat Securities Market (MSM). This …

Corporate Actions

15 July 2015 09:29 AM Resolutions of the Board of Directors of United Power Company SAOG

The Borad of Directors of United Power Company SAOG is pleased to advise the Muscat Securities Market and the investors' community that it has resolved the following in its meeting held on 14 July 2015: First: 1-       Approval of the Unaudited …

23 March 2015 01:08 PM United Power shareholders OK cash dividends, capital decrease

Muscat – Mubasher: United Power Co. announced that shareholders approved on Sunday a decrease in the company’s capital from OMR 5 million to OMR 2 million.The board was authorised to distribute the resulting amounts among shareholders based on the …

Corporate Actions

24 February 2015 01:16 PM An Invitation to Attend the Extraordinary Meeting for the General Assembly and the Annual Ordinary General Assembly Meeting

The board of directors of the United Power Company (SAOG), (referred to hereinafter as the "the company") has the honor to invite all shareholders to attend the extraordinary meeting for the general assembly and the annual ordinary general …

22 January 2015 02:18 PM Annual initial un-audited financial results for the year ended 31 Dec 2014

Pursuant to Article 3 of Rules and Guidelines on Disclosure by Issuer of Securities and Insider Trading issued by Capital Market Authority, United Power Company SAOG is pleased to disclose the following annual un-audited financial results for the …

16 December 2014 05:24 PM Oman’s United Power cuts capital to 5m shares

 United Power Company announced in a filing to the Muscat Securities Market (MSM) that its Board of Directors had previously decided on October 29, 2014 to downsize the Company’s capital from 6,973,896 shares to 5,000,000 shares, at par value OMR 1 …

Banking and Finance