United Finance's RO15mn bond issuance oversubscribed

13/06/2025 03:56 AST

United Finance Company on Wednesday announced the successful completion of its privately placed, senior unsecured bond issuance, which was oversubscribed by 71%. Strong investor demand enabled the company to increase the offer from the originally targeted RO10mn to a final issue size of RO15mn.

The bonds carry a fixed coupon of 7% per annum, payable semi-annually, and will be listed on the Muscat Stock Exchange (MSX). Ahlibank acted as issue manager and collection bank, while Al Busaidy, Mansoor Jamal & Co served as legal adviser.

Nasser al Rashdi, Chief Executive Officer of United Finance, said, "The overwhelming response to this offering reflects investors' confidence in United Finance's financial strength and strategic direction. The additional capital enhances our balance sheet flexibility as we execute our growth roadmap and continue to deliver innovative, customer-centric financing solutions."

The proceeds will support United Finance's ongoing transformation initiatives, digital expansion, and selective portfolio growth - all aligned with prudent risk management and long-term shareholder value creation. With a strengthened capital base, the company is poised to capture emerging opportunities across its target segments while maintaining robust liquidity and capital adequacy ratios.


Muscat Daily

News

United Finance plans to reduce paid-up capital

31/01/2018

The board of United Finance Company has proposed to reduce the company's paid up capital from OMR34.91 million to OMR25 million. This will be done by returning the par value of the shares (100 baisa

Times of Oman

Takeover talks for United Finance break down

25/08/2015

Talks for a possible takeover of Oman's United Finance by Al Omaniya Financial Services have broken down and will not progress any further, the two sides said on Monday.

The board of Unite

Trade Arabia

Oman's United Finance weighs takeover offer from Al Omaniya

01/07/2015

Al Omaniya said separately that it had submitted an indicative bid to buy 100 per cent of the shares in United Finance.

Oman's United Finance said on Tuesday its board was considering a no

Gulf News

Most Viewed Companies

Ticker Price Volume

Valuation

UFCI Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
BKSB 0.19 0.00 (0.00%)
BKMB 0.43 0.00 (0.00%)
NBOB 0.49 0.00 (0.00%)
OAB 0.32 0.00 (0.00%)
BKDB 0.22 0.01 (4.76%)

Recent News

Solidarity Bahrain recognised for Digital Transformation Excellence

30/09/2026

Solidarity Bahrain, one of the largest insurance companies in the kingdom and a subsidiary of Solidarity Group Holding, has been named 'Best Digital Transformation Company Bahrain 2026' by the World

GDN Online

e& UAE unveils secure communications solution Rannah

30/09/2026

e& UAE has unveiled Rannah, a "Made in UAE" secure communications solution developed in collaboration with the Cyber Security Council (CSC) and fully designed, developed and hosted in the country.

Trade Arabia

Saudi Steel Pipe seals key Aramco supply contract

30/09/2026

Saudi Steel Pipe Company (SSP) has announced that it has won a SAR73 million ($19.2 million) contract to supply steel pipes for oil and gas to Saudi oil giant Aramco.

A major player in the r

Trade Arabia

SABIC AN selects KBR technology for new Jubail Ammonia plant

30/09/2026

KBR has announced that SABIC Agri-Nutrients (SABIC AN) has selected its Purifier technology for a new 3,500 metric tonnes per day (MTPD) single-train ammonia plant in Jubail, Saudi Arabia.

U

Trade Arabia

Jazeera Airways selects CFM LEAP-1A engines for nine additional A320neo aircraft

30/09/2026

Jazeera Airways has selected CFM International LEAP-1A engines to power nine additional A320neo aircraft, expanding its existing engine services agreement with CFM to cover the airline's current and

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap