United Finance Company has come a long way since its inception; it is a major accomplishment by team UFC. A milestone successfully achieved, it is a benchmark to be proud of and a stepping-stone to achieve further milestones.
Some of the hallmarks of these 12 years of excellence are identified below: | 2008 | - United Finance recorded a net profit of RO 4.48 million for the year ended 2008 as against RO 3.84 million in 2007, a growth of 17 percent over the previous year
- Successfull completion of Rights Issue.
- Loan Disbursement crossed RO 100 Million.
- Affirmed 'BBB' rating by Fitch Ratings for 7th Consecutive year.
- Maintained No 1 position in terms of profit and asset size.
- No 1 Finance Company in Oman for 2007 by Business Today.
| | 2007 | - United Finance recorded a net profit of RO 3.84 million for the year ended 2007 as against RO 1.46 million in 2006,A growth of 164 percent over the previous year
- Opened branches in Barka and Mawaleh.
- Established a ladies Section to Exclusively cater tothe needs of Lady ustomers.
- Introduces a new product called “Al Nemu” non-conventional financing.
- Opened its own customized new head office in Wattayah.
- Successfully enhanced it paid up capital to RO 19.08 million from 15.90 million by offering rights issue to its existing shareholders.
| | 2006 | - Laying foundation for and commencing construction of own offices premises in wattayah.
- Launching of Corporate Deposit Programme.
- Induction of 12 young omani trainees in coordination with Ministry of Manpower.
| | 2005 | - Opening of the new branch office in ibri.
- First NBFI to offer loans with insurance, introducing 6-year Complete car loan-a completely new finance product for retail customers.
- Successful completion of the second rights issue to its shareholders.
- Recognised as the no1 finance company in Oman by business today in the first ever ranking of finance companies.
| | 2004 | - Successfully completed a private placement of 1,121,937 shares with a financial institution in Kuwait.
- Successful completion of second public issue of bonds, issued secured floating rate non-convertible bonds aggregating RO 4 million.
| | 2003 | - Successful Completion of rights issue of 945,000 equity shares.
- First Company to get its shares listed on the Bahrain stockExchange denomination in US dollar.
- Begins to receive consistently the Green Card status from the Ministry of Manpower for successful Omanisation programme.
| | 2002 | - First Company to issue Convertible bonds to general public in Oman.
- Established branch office in Salalah.
- Took on board 10 young omanis for a structured training programme in an arrangement with the Ministry of Manpower.
| | 2001 | - Established branches in Ibra, Firq and Falaj Al Qabail (Sohar).
- Took lead in sponsoring first GCC SME Summit in Oman and continues to do so as a member of Gulf SME Advisory Board.
| | 2000 | - Winner of Oman Award for Excellence as the investment project of the year 2000.
- UFC begins to provide stock to its employees annually.
| | 1999 | | | 1998 | |
| 1997 | - IPO of RO 2 million was oversubscribed by 109 times, setting an unbroken record. The company has at present around 1,000 shareholders.
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