Appraisal of Majan College in the Sultanate of Oman (for the Period of 2000-2007)
Keywords:
Economic contribution, financial statement analysis, private colleges, public shareholding company, OmanAbstract
The education has been given special concern in Oman. Oman has realized the importance of education in all its levels for the development of the country. It encouraged the private sector to establish higher education institutions and gave them all the support in order to have active role in this development. To assess the financial position and performance of the private colleges in Oman, Majan College was taken as a sample of these colleges. The financial ratios were used to analyze its financial statements. They indicate that it is a successful and profitable college. Moreover, they proved its success as public shareholding company. The quality of higher education provided by Majan College is an important fact as it attracts the students and the investors. The college contributes to Oman's economy through the income tax, the employment of Omanis, and providing the country with well educated workforce who can build strong economy.
