Mubasher: The ordinary general meeting (OGM) of Taageer Finance Company approved distributing cash dividends of 9.5 baisas per share, amounting to 9.5% of capital, according to the company’s statement to the Muscat Securities Market (MSM).
The Central Bank of Oman (CBO) had recommended at the beginning of March to reduce the company’s cash dividends from 13% to 9.5%.
The company’s capital stands at OMR 25.35 million distributed over 253.59 million shares, with a nominal value of OMR 0.1 per share.
Net profits stood at OMR 4.47 million in 2016, compared to OMR 4.42 million in 2015; an increase of 1.1%.
