Ahmed Al Mashini after completing his education in travel and tourism started Travel Angels Ltd. along with his brother Said Al Mashini. Their company seeks to provide travel solutions to its clients like ticket booking for airways, hotel booking, etc. in Oman. Although the business is doing well both of them have realized that they are not good at managing finance, and feel confused and frustrated sometimes due to financial crises that may suddenly arise. In order to avoid such situations in the future, they hire Amina as a financial manager, who has done a bachelor's degree course in financial management.

Considering the fact that there is a growing trend among the people to spend more of their disposable income on travel, the company had decided to expand its travel business. An initial public offer of equity shares was raised in order to get the desired capital. The issue was fully subscribed and paid. Over the years, the sales and profits of the company have increased tremendously and it has been declaring dividends and the market price of its shares has increased manifolds.

In the context of the above case:

1. Name the different kinds of financial decisions taken by the company from the case?

2. Outline the role of Ali as the financial Manger of Travel Angels Ltd. by giving any two suitable points. Do you think the company has been able to achieve its prime objective? Why or why not? Give a reason in support of your answer.

Answer rating: 100% (QA)

1 Financial decision can be defined as the decisions made in a company by the finance manager based ... View the full answer