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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.

Share data 05/12/2024
Currency OMR Volume 0
Previous Close 0.125 Number of Shares (mln) 103.302
Change (%) 0.000 Market Cap (mln) 12.913
Key Annual Figures (Omani Rial thousand) 2021 2022 2023
Consolidated income statement      
Gross premium written 19,063 21,523 24,293
Investment Income 1,495 1,395 2,122
Net profit before tax for the year 2,021 1,285 848
Net profit after tax for the year 1,676 1,029 742
Statement of financial position      
Total assets 54,361 51,752 55,241
Total shareholder's equity 20,064 19,843 19,967
Total liabilities 34,297 31,910 35,274
Statement of cash flows      
Net cash flows from (used in) operating activities 535 1,288 2,788
Net cash flows from (used in) investing activities 217 (1,063) (297)
Net cash flows from (used in) financing activities (1,116) (1,332) (703)
Cash and cash equivalents at end of year 5,419 4,310 6,098
Key indicators      
Earnings per share - basic and diluted 0.016 0.010 0.007
Net assets per share 0.194 0.192 0.193
ROA (%) 3.08 1.99 1.34
ROE (%) 8.35 5.19 3.71
Debt To Equity Ratio 1.71 1.61 1.77