Al Omaniya OGM approves 2016 dividends

Mubasher: Al Omaniya Financial Services Company’s ordinary general meeting (OGM) approved on Tuesday distributing cash dividends of 17 baisas per share, or 17% of its paid capital, according to a company statement.

The company announced on Wednesday distributing 8% of the paid-up capital as unsecured compulsorily convertible bonus stock bonds at a coupon of 4% per annum, or 8-for-100 shares.

The total number of bonds reaches 21.43 million bonds with a total value OMR 2.14 million paid from the issue premium account. The bonds will be converted into equity after five years.

The company’s extraordinary general meeting (EGM) approved distributing annual bonus shares of 10% of the paid capital for five years.

Ernst &Young was appointed as an external auditor for the company's accounts for the current fiscal year, according to the statement.

Al Omaniya’s capital stands at OMR 26.79 million distributed on 267.9 million shares with a nominal share value of OMR 0.1.

Mubasher Contribution Time: 22-Mar-2017 10:32 (GMT)
Mubasher Last Update Time: 22-Mar-2017 10:32 (GMT)