Dhofar Development to discuss 15% cash dividends 30 March

Mubasher: Dhofar International Development and Investment Holding Company announced on Sunday that its ordinary general meeting (OGM) will be held on 30 March.

The OGM will discuss the payment of cash dividends at 15% of the company’s capital or 15 Baisas per share for the fiscal year 2015,  totalling OMR 24.64 million ($64 million).

The company’s shareholders earlier approved cash dividends at 18 Baisas per share for the fiscal year 2014, in addition at 12-for-100 bonus shares.

The Muscat listed company’s profit declined last year by 1.83% to OMR 12.37 million from OMR 12.6 million.

Mubasher Contribution Time: 13-Mar-2016 14:18 (GMT)