Authors : Dr. Rajendran Jayashree; Reem Saleh Said Alsubhi; Najed Yousuf Mohamed Alhilali Albalushi; Mahad Salim Rashid Alsubhi; Zainab Yahya Saleh Alfarsi

Volume/Issue : Volume 11 - 2026, Issue 3 - March

Google Scholar : https://tinyurl.com/k6xhy6kn

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DOI : https://doi.org/10.38124/ijisrt/26mar762

Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.

Abstract : The telecommunications sector in Oman plays a vital role in supporting economic growth and digital transformation, making the evaluation of financial performance increasingly important. This study aims to assess and compare the financial performance and financial health of the two leading telecom companies in Oman—Omantel and Ooredoo—over the ten-year period from 2015 to 2024. The research uses a quantitative methodology based on secondary data collected from audited annual reports, applying financial ratio analysis (profitability, liquidity, efficiency, and solvency) along with the Altman Z-Score model to measure long-term financial stability. The findings reveal that Omantel demonstrates stronger profitability and more stable operational performance, while Ooredoo performs better in liquidity and inventory efficiency but shows a noticeable decline in profitability and fluctuating solvency. The Z-Score analysis shows that Omantel was financially strong between 2015–2018 before shifting into distress in later years, whereas Ooredoo remained mainly in the Grey Zone with occasional periods of distress. Overall, the results indicate significant differences in financial strategies and risk exposure between the two firms. The study recommends improving cost management, strengthening capital structure, and enhancing operational efficiency to support future financial sustainability in Oman's telecom sector.

Keywords : Financial Performance, Telecom Sector, Omantel, Ooredoo, Financial Ratios, Altman Z-Score, Liquidity, Profitability, Solvency.

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