- Weather
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Max |
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40°C |
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Min |
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30°C |
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Sunrise |
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05 : 30 AM |
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Sunset |
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06 : 54PM |
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Humidity |
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50 to 80 per cent |
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- Prayer Time
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Fajar |
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03:53 am |
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Dhuhr |
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12:13 pm |
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Asar |
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03:31 pm |
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Magrib |
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07:01 pm |
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Isha |
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08:23 pm |
- Oil Price
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Price in RO
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24ct / gm |
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17.55 |
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22ct / gm |
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17.15 |
- Currency Rates
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Forex Rates vs R01
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US Dollar |
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2.58 |
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Euro |
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1.94 |
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Pound |
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1.65 |
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Indian Rs. |
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N/A |
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Pak Rs. |
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255.58 |
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Bangla Taka |
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201.88 |
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(From left to right) Ajit Engineer, CEO, Faisal Mohammed Al Yousef, Chairman, V Venkataraman, Deputy Chairman, Brigadier (Retd.) Waleed Zawawi, Dr Mohamed Musa Al Yousef, Hamood Sangour Al Zadjali, Mushtaq Kamer Sultan, Abdul Amir Saed Mohammed, Director, Babu P Thomas, Director; Qais Mohammed Al Yousef, Director and Harish Abichandani, Director. Photo — Supplied
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Muscat: Muscat Finance, the pioneer in hire-purchase, financing and leasing in Oman, celebrated the completion of 25 successful years at a gala event at the Hotel Intercontinental.
Hamood Sangour Al Zadjali, Executive President of the CBO, was the Chief Guest at the function which was attended by various eminent personalities, select customers, dealers and business associates of the company.
The Chairman of Muscat Finance, Faisal M. Al Yousef, thanked and congratulated the Muscat Finance family on the silver jubilee: "The remarkable achievements of Muscat Finance over the past 25 years are thanks to the vision of our founding members: Dr Omar Zawawi, who is the main founder and our first Chairman and Dr Mohamed Musa Al Yousef who was one of our major shareholders at the foundation stage and is also one of the main shareholders now. I wish both of them more success, more prosperity and long life. On this special occasion, I convey my best wishes to all our shareholders, our loyal staff, customers, dealers and bankers who have been integral partners in this journey. We have completed 25 years of operations in Oman. And as we celebrate our achievements, we renew our promise of 'enabling dreams' of all — a promise to continue to pioneer, to be drivers of change and strive towards excellence."
Along with its renewed promises, Muscat Finance also highlighted its refreshed logo that embodies the dynamic spirit of the company. V. Venkataraman, deputy chairman, Muscat Finance, said: "Our consumer-centric tagline 'Enabling Dreams' illustrates our focus as financial facilitators to help our retail, SME and corporate customers fulfill their dreams of growing into larger and more profitable businesses leading to enhanced prosperity. Enabling Dreams is and will continue to be very close to our heart and at the centre of all our endeavours."
Another highlight of the evening was a musical delight by a Russian opera troupe from the Artists Related Group of Olga Trifonova. Awards were given as a token of appreciation to dealers and employees for their continued support and dedication. Mementoes were also given to all the guests of honor. A raffle draw was held and lucky winners took home some exciting prizes.
Enviable track record
Ajit Engineer, CEO, Muscat Finance said: "Since 1987, Muscat Finance has achieved an enviable track record of uninterrupted dividend payments year on year. Muscat Finance has always followed a strategy of remunerating the shareholders partly by way of stock dividend and partly through cash returns. This strategy of plowing back part of the profits, strengthens our capital base, provides comfort to lenders and also helps in increasing the capacity to borrow and lend. Over a quarter of a century ago, we dreamt of a prosperous Oman, a competitive business environment and a market that is at par with the biggest and best in the world. Today, we are proud to be part of this amazing story of enabling dreams."
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