Wednesday, February 01, 2006

Bank Muscat

Our biggest local bank has reported net profit growing by 33% in the amount of RO45.5 million at the end of 2005 which basically breaks the history record in the Omani banking sector.

I also read about a plan for 10-1 split of shares to make it more affordable for investors to buy because the last time I checked, it was over RO 10.My question: is it worth investing after the split?

After what happened with my shares at NBO (pretty much crashing), I'm hesitant but I'm also prepared to measure my risks and decide that a little exposure may be worth the try.

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