Muscat, Oman— Muscat-based Oman & Emirates Investment Holding Company has posted a net profit of 2.16 million Omani Riyals ($5.6 million) for the third quarter of 2022.
The profit for the same period in 2021 was 538,832 OR, the company said in a bourse filing.
Oman & Emirates Investment Holding Company was established through the Royal Decree in 1993, as an joint venture between Governments of the Sultanate of Oman and the United Arab Emirates.
O&E is registered as an Omani Joint Stock Company traded in Muscat, Abu Dhabi and Dubai Securities Markets. It operates within the diversified financials sector focusing on Multi-Sector Holdings.
The Company and its branch in the United Arab Emirates enjoy the treatment extended to the companies which are fully owned by Nationals, Omani or Emirati.