Business Services Industry
UAE: OASIS INTERNATIONAL LEASING POSTED MAJOR PROFIT GROWTH.
IPR Strategic Business Information Database, February, 2006
According to Al-Bayan newspaper (February 8, 2006), Mohamed Saif Al Mazrouei, Chairman of Oasis Leasing (OIL) Company, announced that Oasis had posted Dh 28.1 million net profits last year, up from Dh 7.9 million in the previous year, a 255% growth. The Company's financials also reveal an increase in revenues of approximately 6% resulting in overall revenues of Dh 187.3 million for the year.
The chairman also said "2005 was in all aspects a transformational year for Oasis, the company completed several transactions and events that will have a strong positive impact on the company's performance for the next few years."
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