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Taageer Finance Company SAOG

Type: Company

Name: Taageer Finance Company SAOG (Taageer Finance Company)

Fact Sheet: Fact Sheet for Taageer Finance Company

First reported Jun 17 2013 - Updated Jun 17 2013 - 1 reports

Bank Muscat SAOG

Bank muscat, Al Omaniya bag 2012 BusinessToday awards

Saleh Zakwani, executive chairman, Apex Press and Publishing, and Mohana Prabhakar, CEO, presenting the BusinessToday awards to Aftab Patel, CEO of Al OmaniyaMuscat -For a third consecutive year, bank muscat and Al Omaniya Financial Services have emerged ... [Published Muscat Daily - Jun 17 2013]

Entities: Bank Muscat SAOG, Al Omaniya Financial Services SAOG, Ali Issa, BankDhofar, Oman Orix Leasing Co SAOG

First reported Jun 03 2013 - Updated Jun 03 2013 - 2 reports

Taageer Finance board rejects Ahlibank revised offer, acquisition deal called off

Related Muscat - Following months of negotiations, the board of directors of Taageer Finance has rejected the revised offer of acquisition from Ahlibank and the deal has been called off by both companies.In a filing to the Muscat Securities Market (MSM) ... [Published Zawya.com - Jun 03 2013]

Entities: Taageer Finance Company SAOG, Muscat Securities Market, Acquisition

First reported Jun 02 2013 - Updated Jun 02 2013 - 1 reports

Taageer Finance rejects ahlibank’s merger offer

Muscat: Taageer Finance Company yesterday said that it declined to accept an offer from ahlibank to acquire the assets and liabilities of the company. "The offer from ahlibank was not accepted by the board of directors of Taageer and the memorandum of ... [Published Times of Oman - Jun 02 2013]

Entities: Taageer Finance Company SAOG, Mergers & Acquisitions, Muscat Securities Market, Declination, Inorganic

First reported Jun 02 2013 - Updated Jun 02 2013 - 1 reports

Tageer Finance rejects Ahli Bank's offer for acquisition

Ahli Bank had offered to acquire the assets, liabilities and business of Taageer Finance Company on the basis of the Memorandum of Understanding (MoU) signed on 17 February 2 ... [Published CPI Financial - Jun 02 2013]

Entities: Acquisition, Taageer Finance Company SAOG, Ahli Bank

First reported Jun 02 2013 - Updated Jun 02 2013 - 1 reports

Ahli Bank

Ahli Bank SAOG Disclousre

Ahli Bank S.A.O.G. had offered to acquire the assets, liabilities and business of Taageer Finance Company S.A.O.G. on the basis of the Memorandum of Understanding (MoU) signed on the 17th February 2013. This was subject to satisfactory due diligence and ... [Published Muscat Securities Market - Jun 02 2013]

Entities: Ahli Bank, Taageer Finance Company SAOG, Memorandum of Understanding

First reported Jun 02 2013 - Updated Jun 02 2013 - 1 reports

Oman exchange falls back after hitting 2-year high

The Muscat Securities Market index MSM-30 dipped 0.14% to 6,408.88 points on Sunday. 23 shares advanced, 16 declined and 22 (!) ended flat. The MSM is set to announce this week the joint stock companies whose activities and financial approach meet requirements ... [Published AME Info - Jun 02 2013]

Entities: Oman, Taageer Finance Company SAOG, Al Ahli Bank, Muscat Securities Market

First reported May 29 2013 - Updated May 29 2013 - 1 reports

MSM consolidates as trading remains flat

(MENAFN - Muscat Daily) Trading activity remained flat on the local bourse as the Muscat Securities Market general index consolidated to close ... [Published MENAFN - May 29 2013]

Entities: Ominvest, Taageer Finance Company SAOG, Al Batinah Development & Investment Holding Co ..., Al-Hassan Engineering Company, Oman Holdings International Company

First reported May 27 2013 - Updated May 27 2013 - 1 reports

Strong foreign buying benefits Muscat bourse

Regional markets ended mixed on Sunday as most investors reassessed the sustainability of hefty year-to-date gains of the respective indices. Strong foreign buying activity on the Muscat Securities Market helped the general index gain 0.17 per cent to ... [Published Muscat Daily - May 27 2013]

Entities: Muscat, Bourse, Al Anwar Holdings SAOG, Index

First reported May 26 2013 - Updated May 26 2013 - 1 reports

Taageer board of directors to consider ahlibank offer

Muscat: The board of directors of Taageer Finance Company met on Saturday to consider the offer received from ahlibank, without any commitment, to acquire Taageer Finance's assets and liabilities. The board decided to deliberate on the matter and negotiate ... [Published Times of Oman - May 26 2013]

Entities: Taageer Finance Company SAOG, Muscat

First reported May 19 2013 - Updated May 19 2013 - 1 reports

Ahlibank seeks more time to close Taageer acquisition

(MENAFN - Muscat Daily) Ahlibank, which signed a memorandum of understanding (MoU) with Taageer Finance Co for a possible acquisition, has completed the due ... [Published MENAFN - May 19 2013]

Entities: Taageer Finance Company SAOG, Acquisition, Due Diligence

First reported May 19 2013 - Updated May 19 2013 - 1 reports

Services scrips shine amid cautious trading

(MENAFN - Muscat Daily) Cautious post-first-quarter-results trading pulled down local volume and turnover to below year-to-date average levels. ... [Published MENAFN - May 19 2013]

Entities: Taageer Finance Company SAOG, Gulf Investment Services Holding Co SAOG, Renaissance Services SAOG

First reported May 19 2013 - Updated May 19 2013 - 1 reports

MOU with Taageer Finance Company SAOG

Ahli Bank S.A.O.G. had signed a Memorandum of Understanding (MOU) with Taageer Finance Company S.A.O.G. on the 17th February 2013 to explore the possibility of acquiring the company subject to satisfactory due diligence and obtaining the necessary regulatory ... [Published Muscat Securities Market - May 19 2013]

Entities: Taageer Finance Company SAOG, Ahli Bank, Due Diligence

Quotes

...5 per cent from the 33 per cent increase in FY'11. Commenting on adopting measures to curtail the growth in non-performing loans, Issa said, "The bank has in place a well-tested rating model for corporate and counterparty bank exposures. With the introduction of rating models for project finance, SME lending and high net worth individuals, majority of bank's loan book is risk rated. Retail customers are also scored to validate risks."

Bank muscat, Al Omaniya bag 2012 BusinessToday awards [Published Muscat Daily - Jun 17 2013]

In a filing to the Muscat Securities Market (MSM) on Sunday, Taageer Finance said, "Taageer received a revised offer on May 29, 2013, which was reviewed by the members of the Taageer's board of directors. The offer from Ahlibank was not accepted by the board of directors of Taageer and the MoU dated February 17, 2013 with Ahlibank stands cancelled." Ahlibank had offered to acquire the assets, liabilities and business of Taageer Finance on the basis of the MoU signed on February 17, 2013 between the...

Taageer Finance board rejects Ahlibank revised offer, acquisition deal called off [Published Zawya.com - Jun 03 2013]

...Taageer Finance Company yesterday said that it declined to accept an offer from ahlibank to acquire the assets and liabilities of the company. "The offer from ahlibank was not accepted by the board of directors of Taageer and the memorandum of understanding dated February 17, 2013 with ahlibank stands cancelled" said a statement posted by Taageer Finance on the MSM yesterday

Taageer Finance rejects ahlibank’s merger offer [Published Times of Oman - Jun 02 2013]

Balushi had said that Ahlibank is focused on the SME sector, in line with His Majesty the Sultan's vision of developing the sector in the sultanate. "The acquisition, if it becomes a reality, will help the bank increase its presence in the SME sector and in the development of our Islamic banking business" Balushi said

Ahlibank seeks more time to close Taageer acquisition [Published MENAFN - May 19 2013]