Financial statements from Oman

Schmidt & Schmidt offers financial statements from Oman in electronic form and their translations into English.

According to law, only some companies in registered in Oman must submit annual financial statements.

Reporting of financial statements in the Qatar is subject to the Capital Market Act, Accounting and Audit Act and other regulations.

In Oman, the IFRS are used by public companies. Their use is also being considered for small and medium-sized companies.

Companies participating in stock exchange report their financial statements to the Capital Market Authority of Oman. Financial companies file their statements to the Central Bank.

Annual financial statement includes:

• Management report
• Profit and loss report
• Equity statement
• Cash flow statement
• Notes

Financial statements are published in specialized media. They can be obtained from these media or from the website of stock exchange of Oman.

To obtain financial statements of a specific enterprise, its full name in Arabic language and registration number are required.

Financial statements provide detailed information about a company’s financial state, solvency and performance of an enterprise.

Financial statements are provided by the according stock exchange or emirate authority. There are no unified rules about how the information is provided. For example, Abu Dhabi Securities Exchange provide information upon requests on specific companies.

Financial statements can provide valuable information about potential business partner which can be used for making decisions like purchasing capital shares or goods or taking legal action to collect debts.

Financial statements are provided in accordance with the legislation of Oman and legal requirements on personal data protection.

On our website, you can make a preliminary request if a certain company’s financial statements are obtainable.