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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 29/11/2023
Currency OMR Volume 0
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      
Income 5,140 5,080 4,413
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 assets 73,644 71,466 67,482
Total shareholder's equity 19,470 20,375 20,173
Total liabilities 54,175 51,090 47,310
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
Key indicators      
Earnings per share - basic and diluted 0.016 0.016 0.010
Net assets per share 0.188 0.197 0.195
ROA (%) 2.27 2.34 1.55
ROE (%) 8.57 8.22 5.20
Net profit Margin (%) 32.47 32.98 23.76
Debt To Equity Ratio 2.78 2.51 2.35