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Oman Fisheries Company Saog (Oman)

Main Activities: Fishing | Seafood Product Preparation and Packaging
Full name: Oman Fisheries Company Saog Profile Updated: October 30, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Oman Fisheries Company SAOG (OFC) is a company located in Ruwi, Oman. It was formed by the Royal Decree on 87/79 issued by His Majesty Sultan Qaboos bin Said, merging Oman National Fisheries with Oman Fisheries Co. OFC started its operation on April 2, 1989. The company is listed on the Muscat Stock Exchange and regulated by the Capital Markets Authority of the Sultanate of Oman. The government holds 24% of the company's share capital. OFC has gained a good reputation in the international market as a reliable supplier of high-quality fresh and frozen fish, as well as value-added fish products. They export their products to over 55 countries worldwide, offering a wide range of whole round fish customized to buyers' specifications. The company has six state-of-the-art processing plants along the coast of Oman, with large freezing, storage, and processing capacities. These plants are EU and US FDA approved and comply with HACCP standards. With a dedicated workforce of over 500 people, OFC emphasizes a common vision, a passion for excellence, and a focus on customer needs. They also prioritize sustainable fishing practices and take pride in providing a rich source of livelihood to native fishers. Many of their shareholders are fishers, demonstrating their commitment to corporate social responsibility.

Headquarters
P.O.Box 2900
Ruwi; Musqat; Postal Code: 112

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Website: http://www.omanfisheries.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1987
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Chief Executive Officer
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Outside Director
Ownership Details
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31.35%
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17.27%
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16.48%
Subsidiaries
Oman Fisheries Co Fze (United Arab Emirates)
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency OMR. Absolute financial data is included in the purchased report.
Net sales revenue
3.2%
Total operating revenue
13.54%
Operating profit (EBIT)
36.48%
EBITDA
48.19%
Net Profit (Loss) for the Period
32.93%
Total assets
-14.61%
Total equity
-59.37%
Operating Profit Margin (ROS)
16.09%
Net Profit Margin
15.52%
Return on Equity (ROE)
-21.64%
Debt to Equity Ratio
157.46%
Quick Ratio
-0.31%
Cash Ratio
-0.03%

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