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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 05/02/2023
Currency OMR Volume 0
Previous Close 0.120 Number of Shares (mln) 103.302
Change (%) 0.000 Market Cap (mln) 12.396
Key Annual Figures (Omani Rial thousand) 2019 2020 2021
Consolidated income statement      
Income 4,196 5,140 5,080
General and administrative expenses 2,906 3,209 3,059
Net profit before tax for the year 1,290 1,931 2,021
Net profit after tax for the year 1,122 1,669 1,676
Statement of financial position      
Total assets 62,375 73,644 71,466
Total shareholder's equity 18,951 19,470 20,375
Total liabilities 43,424 54,175 51,090
Statement of cash flows      
Net cash flows from (used in) operating activities (39) 2,069 535
Net cash flows from (used in) investing activities 717 1,780 217
Net cash flows from (used in) financing activities (824) (724) (1,116)
Cash and cash equivalents at end of year 2,658 5,783 5,419
Key indicators      
Earnings per share - basic and diluted 0.011 0.016 0.016
Net assets per share 0.183 0.188 0.197
ROA (%) 1.80 2.27 2.34
ROE (%) 5.92 8.57 8.22
Net profit Margin (%) 26.74 32.47 32.98
Debt To Equity Ratio 2.29 2.78 2.51