Oman – Mubasher: Al Batinah Hotels announced that its ordinary general meeting (OGM) approved on Thursday, 12 March, a 5% cash dividend, amounting to 50 baisa per share.
The OGM also approved the board of directors’ report for the fiscal year ended 31 December 2014 as well as the corporate governance report for the same year, the company said in a filing to the Muscat Securities Market (MSM).
The hotels firm reported a 14.92% drop in its annual profits for 2014, reaching OMR 1.1 million against OMR 1.3 million in 2013.
The company’s capital amounts to OMR 3.6 million divided on 3.6 million shares.
