Al Maha Petroleum’s board proposes dividends for FY15

Mubasher: Al Maha Petroleum Products Marketing said that its board has recommended the distribution of 100% cash dividends for the fiscal year 2015.

The Omani company said in a bourse statement that it will pay 100 baisa per share to its shareholders, subject to the approval of the ordinary general meeting which will be held on 22 March.

Al Maha’s net profit stood at OMR 9.21 million ($23.86 million) in the fiscal year 2015, compared to OMR 10.71 million ($27.75 million) in a year earlier.

Mubasher Contribution Time: 21-Feb-2016 11:35 (GMT)