Mubasher: Muscat Finance Company invited shareholders to attend the ordinary general meeting on 23 March to discuss cash dividends and bonus shares, according to a bourse filing released on Tuesday.
The company’s board of directors earlier proposed cash dividends at 10% of the share’s par value, equivalent to 10 Baisas per share, and bonus share at 6% of the capital or six shares for each 100 shares.
Muscat Finance’s profit declined in the fourth quarter of 2015 by 8% to OMR 892,000 ($2.31 million) from OMR 970,000 ($2.51 million) in 2014.
The Muscat listed company’s OGM earlier agreed to distribute cash dividends at 8% of the share’s par value and 8% bonus shares for the fiscal year 2014.
