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MCDE – Muscat City Desalination Company SAOG

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Not Compliant

—X—

Industry: Water & Related Utilities | Oman

Muscat City Desalination Company SAOG is not compliant with Shariah. The company’s financials fail all the five standards we check against.

Market cap: 46 MRev. Growth: 92.71%

AAOIFI ✗

Debt/MC357.14%
Non-Compliant Assets/MC%
Impure Income (incl. Interest)0.01%
Impure Income%
Interest Income0.01%
Total0.01%

S&P ✗

Debt/36 mo MC401.9%
Cash/36 mo MC20.69%
AR/36 mo MC%

DJIM ✗

Debt/24 mo MC414.12%
Cash/24 mo MC21.32%
AR/24 mo MC%

FTSE ✗

Debt/Assets68.19%
Cash/Assets3.51%
Cash&AR/Assets3.51%
Impure Income (incl. Interest)0.01%
Impure Income%
Interest Income0.01%
Total0.01%

MSCI ✗

Debt/Assets68.19%
Cash/Assets3.51%
Cash&AR/Assets3.51%

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Analysts’ Price Targets

Mean 0.29

Low: 0.29

High: 0.29

Total Analysts: 0


Muscat City Desalination Co SAOC is an Oman-based company, which develops, owns and operates Al Ghubrah Independent Water Plant, a Sea Water Reverse Osmosis (SWRO) desalination plant. The Company is also engaged in the sales of the desalinated water to Oman Power and Water Procurement Company (OPWP).

We do our best to screen stocks as accurately as possible. Please let us know in the comments if you spot an error or find something questionable. Jazaak Allahu khairan.

To understand how the screening is done, please read the Shariah Screening Methodology page.

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