ONIC Holding says 2013 net income rose 139%

February 17, 2014 12:15 am

Oman National Investment Corporation Holding (ONIC) has reported a 139% surge in net profit after tax for the year ended December 31, 2013, to OR10.3m, compared with a net profit of OR4.3m in the previous year, Muscat Daily has reported. The share of profits of associates increased to OR4.91m in 2013 from OR3.99m in the previous year, while investment income jumped to OR4.37m, compared with OR2.34m in the previous year. The company also said its chief executive, Sayyida Rawan Ahmed al Said, has decided to leave her post to pursue other interests. “She will continue as a board member of the company,” said the chairman of ONIC Holding.