DIDIC posts RO 17.4m half-year profit in first results since OIFC merger Business

DIDIC posts RO 17.4m half-year profit in first results since OIFC merger

  • August 10, 2026
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MUSCAT: Dhofar International Development and Investment Company SAOG (DIDIC) reported a net profit after tax of RO 17.404 million for the six months ended June 30, 2026, in its first full half-year since completing its merger with Oman Investment and Finance Company SAOG (OIFC). Total comprehensive income attributable to shareholders reached RO 24.097 million, against […]

Bank Nizwa proposes Alizz merger, Ominvest to take strategic stake Business

Bank Nizwa proposes Alizz merger, Ominvest to take strategic stake

Muscat: Bank Nizwa has proposed acquiring Alizz Islamic Bank and merging it into its operations, in a deal that could create a larger Islamic lender and bring Ominvest in as a major strategic shareholder. The proposal was disclosed through the Muscat Stock Exchange (MSX) on Thursday. Under the plan, Bank Nizwa would acquire the entire […]