|Market: Oman||Symbol: AFIC||ISIN: OM0000007290||Industry: Insurance|
We draw our strength from over 70 years of regional expertise.
Arabia Falcon Insurance Company turned over a new leaf in the history of insurance sector of Oman when two companies merged to become AFIC. We used our 70+ years of regional expertise and our maturity from the Omani market, to blend the old and the new and emerged as a stronger, bigger and more versatile company with keen customer-centric focus.
We recognise that usage of state-of-the-art technology is the need of the hour and believe that our human capital is one of our biggest assets.
As the new-age economy of Oman expects a boost and a real growth through diversification, we at AFIC, aim to focus on helping our customers to reduce the hazard risks for their businesses by using Insurance as a risk management tool.
We serve our individual and corporate clients by providing various insurance products under different lines of business. We operate through various branches and agents spread across the Sultanate of Oman.
|Previous Close||0.110||Number of Shares (mln)||103.302|
|Change (%)||0.000||Market Cap (mln)||11.363|
|Key Annual Figures (Omani Rial thousand)||2020||2021||2022|
|Consolidated income statement|
|General and administrative expenses||3,209||3,059||3,108|
|Net profit before tax for the year||1,931||2,021||1,304|
|Net profit after tax for the year||1,669||1,676||1,049|
|Statement of financial position|
|Total shareholder's equity||19,470||20,375||20,173|
|Statement of cash flows|
|Net cash flows from (used in) operating activities||2,069||535||1,289|
|Net cash flows from (used in) investing activities||1,780||217||(1,063)|
|Net cash flows from (used in) financing activities||(724)||(1,116)||(1,332)|
|Cash and cash equivalents at end of year||5,783||5,419||4,312|
|Earnings per share - basic and diluted||0.016||0.016||0.010|
|Net assets per share||0.188||0.197||0.195|
|Net profit Margin (%)||32.47||32.98||23.76|
|Debt To Equity Ratio||2.78||2.51||2.35|