Omani factor and specialist SME financier listed on BSE


A third Omani company was listed on the Bahrain Stock Exchange (BSE) yesterday, prompting talk of the formation of a Gulf monetary union.

United Finance Company (UFC) is a specialist loan company, which is already listed on the Muscat Securities Market. It is the first Omani finance company to be listed in Bahrain. It was listed on the BSE with a share value of $5 per share.

This followed the signing of an agreement between UFC chairman Jamal Said Rajab Al Ojaili and Bahrain Monetary Agency (BMA) deputy governor Khalid Al Bassam.

Mr Al Ojaili said this was the first time UFC had been listed outside of Oman. He added that Bahrain was the natural choice to branch out.



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Posted on Jun 26, 2003
Region: Bahrain