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SMNP – SMN Power Holding SAOG

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Not Compliant

—X—

Industry: Multiline Utilities | Oman

SMN Power Holding SAOG is not compliant with Shariah. The company’s financials fail all the five standards we check against.

Market cap: 23 MRev. Growth: 94.9%

AAOIFI ✗

Debt/MC879.84%
Non-Compliant Assets/MC82.3%

S&P ✗

Debt/36 mo MC581.84%
Cash/36 mo MC22.59%
AR/36 mo MC%

DJIM ✗

Debt/24 mo MC632%
Cash/24 mo MC24.54%
AR/24 mo MC%

FTSE ✗

Debt/Assets37.18%
Cash/Assets1.44%
Cash&AR/Assets1.44%

MSCI ✗

Debt/Assets37.18%
Cash/Assets1.44%
Cash&AR/Assets1.44%

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

Total Analysts: 0


SMN Power Holding SAOG is an Oman-based company active within the power and water sectors. The Company operates through two subsidiaries, namely SMN Barka Power Company SAOC (SMN Barka) and Al Rusail Power Company SAOC (Al Rusail). SMN Barka is a water and power project situated in Barka, Oman. It has a contractual capacity of 768 megawatt (MW) power and 120,000 cubic meters of water per day. Al Rusail is a natural gas-fired power plant, which has a contractual capacity of 665 MW power. The plant is located approximately 40 kilometers west of Muscat, Oman, in an industrial area, and consists of eight Frame 9E gas turbines. The operations and maintenance of both plants are conducted by STOMO.

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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