UFC Oman - Corporate Deposits

UFC’s Corporate Deposits is a secure investment option for the smart investor offering highly attractive returns.

We accept deposits in slabs of RO 10,000 or more for tenure of 12 months or more.
(Credit Rating BBB – OMA)

12 – 24 months: 6.00%*
24 – 36 months: 6.25%*
Over 36 months: 7.00%*

*Rates Quoted are as on Dec 2009.They are subject to change without notice.

A consistent performance and steady growth over the years has proved that UFC Corporate Deposits can only be a lucrative investment.

Proven Track Record
UFC was set up in 1997 and is listed in the Muscat Securities Market and Bahrain Stock Exchange. It was set into motion by 20 promoters, who contributed to over 60% of the issued capital.

Trusted by over 1000 shareholders, UFC was awarded the Oman Award for Excellence for Investment Project of the Year 2000. Today, UFC is the highest capitalised amongst NBFIs.

IPO Oversubscribed
UFC’s IPO in 1997 was oversubscribed 109 times, a record that has remained unsurpassed till date.

Successful Bonds Issue
UFC was the first NBFI to issue Convertible and Non-Convertible Debt Bonds to the general public in Oman and mobilised an aggregate of RO 6.7 million from the market. United finance was rated as the no 1 Finance company in Oman by Business today in their first ever ranking of finance companies.

Excellent Stock and Cash Dividends Record
UFC adopts a prudent policy of consistently rewarding its stakeholders through a balanced mix of cash and stock dividends. A good maturity profile also states that the company has the ability to pay on time.

Dividend Disbursement

	2001	2002	2003	2004	2005	2006	2007	2008	2009
Cash	5%	15%	10%	10%	8%	8%	-	10%	-
Stock	20%	-	10%	10%	8%	-	20%	-	6.91%

Two Successful Rights Issues
UFC has two successful Rights Issues, one in 2003 (15% Rights Issue) and the second in 2005 (50% Rights Issue) and third in 2008 (20% Rights). The 2008 issue mobilized RO 5,708,897 of fresh equity to augment growth and expansion plans.

Good Interest Coverage Ratio
UFC has an Interest Coverage Ratio of 2.35 as on December 2007.

Successful Private Placement IssuesIn 2004, UFC successfully completed a private placement of 1,121937 equity shares at a premium of 600 baizas per share with Global Investment House, a leading investment bank in Kuwait.

Increase in Net Worth and Total Income
UFC’s Net Worth has increased by 48.87% i.e. from RO 21,527 million in 2007 to RO 32,048 million and total income has gone up by 72% from RO 9,738 million to RO 16,719 million.

Regulated by CBO and CMA
UFC is regulated by Central Bank of Oman and Capital Market Authority, Oman.

Company’s growth at a glance

Particulars	2006 RO Millions	2007 RO Millions	2008 RO Millions	2009 RO Millions
Total Assets	67,320	111,569	160,908	111,831
Share Capital	15,904	15,904	23,385	23,385
Net worth	18,951	21,527	32,048	30,741
Finance Debtors	63,733	106,263	154,854	104,260
Provision for Impairment	6,987	6,208	9,373	12,534
Bank Borrowings	31,783	56,908	93,240	59,145
Bonds	5,333	1,341	Nil	Nil
Gross Income	6,981	9,738	16,719	12,719
Net Finance Income	4,194	5,695	9,395	6,017
Net Profit	1,458	3,848	4,478	933