Mubasher: Al Suwadi Power Company’s shareholders approved on Wednesday the distribution of cash dividends at 3.7% of the capital (3.7 Baisas per share) for the fiscal year 2015.
The company is capitalised at OMR 71.44 million distributed across 714.4 million shares with a nominal value of OMR 0.1.
The company also said that it failed to obtain a refinance for its long term debt, according to a bourse filing.
Al Suwadi earlier posted a net profit of OMR 7.25 million in 2015, rising 50.4% from OMR 4.82 million in 2014.
The stock stood at OMR 0.215 in today’s trading as 55,740 shares were exchanged through 14 transactions.
