Annual Report

Synopsis Of Annual Report 2021

The company has today reached its healthy position in the industry after undergoing many business cycles under challenging economic circumstances. The company has also capitalized every single growth opportunity with its enviable strengths namely,

  • Sound and innovative capital structure.
  • Superior service to its loyal customers.
  • Novel and valuable integrated business model.
  • Lesser delinquency ratio due to very effective collection mechanism.
  • Good provisioning for impairment.
  • Timely Product diversification.
  • Consistent earnings.
  • Highly automated IT real time system and processes.

We remain focused on maintaining quality assets with the objective of consistent returns for all our stakeholders. Our priorities for the coming year are:

Al omaniya financial 2021 statement
  • Cautious lending policies in all existing product lines.
  • Products structuring & better packaging to suit the market demand.
  • To manage the liquidity and costs judiciously to ensure sustainable earnings and profitability.
  • Continue our leadership excellence and continue training and retaining the highly skilled and diverse work force.
  • Offer superior delivery mechanism and personalised customer service to build customer loyalty and superior brand positioning.
Statement of comprehensive income of AOFS
Statement of financial income
Statements of changes in equity
Cash flow statement AOFS
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