Lower oil prices affect construction sector - Napco

Mubasher: National Aluminium Products Company (Napco) CEO, Robert Holtkamp, said Monday that falling oil prices affected on the construction sector in 2015, which consequently reflected on the aluminium industry.

“The government projects in the region, especially infrastructure development projects and building construction will boost demand on our products in Oman and other GCC countries,” Holtkamp added in a statement.

 Napco’s shareholders earlier approved cash dividends at 13 Baisas per share for the fiscal year 2015.

Mubasher Contribution Time: 04-Apr-2016 10:04 (GMT)