Ro2Rate of O2 Release
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Total deposits held with Islamic banks and windows also increased significantly by 12.5 percent to RO3.2 billion in October 2018 from RO2.9 billion as at the end of October 2017.
In the 2018 budget, the government had announced that it allocated around RO2.1bn, around 15 per cent higher than the 2017, for the hydrocarbon, which remains very crucial for a country like Oman.
The investment spending is estimated at RO3.7 billion in 2019, including RO1.2 billion allocated for infrastructure projects which are overseen by various government units; and an amount of RO2.5 billion to be utilised by some state-owned-enterprises (SOEs) for the implementation of projects in industrial and services sectors.
The value of oil and gas exports stood at RO2.36bn, equivalent to almost 63 per cent of the total value of commodity exports in the first quarter of 2018, thanks to an increase in the price of Omani crude oil.
Current expenses will amount to RO6.4 billion, representing 64 per cent of total expenditure, with defence and security claiming RO2.6 billion and civil ministries RO3.5 billion.
Our estimated value for this banking scrip works out to be RO2.182 per share based on DDM (80%) and adaptation of the Gordon Growth Model (20%).
Total deposits held with Islamic banks and windows increased substantially by 18.2 percent to RO3.2 billion in June 2018 from RO2.7 billion a year ago.
Customers can avail assured cash gift of RO2,200 to RO2,700 on its 2018 model and cash gift of RO2,700 on its 2017 model.
Islamic banking entities provided financing to the extent of RO2.9bn, as of the end of October 2017, compared with the RO2.3bn a year ago.
Profit earned by subsidiaries t stood at RO2.85 million, compared to RO2.42 million in 2013, according to the report.
Salalah Mills bagged the cup in companies with investment over RO10 million, while three other winners Europoles Middle East, Gulf Stone and Sweets of Oman were in the category of companies with investment between RO2 million and RO10 million.