Oman – Mubasher: Gulf Stone announced that its ordinary general meeting (OGM) approved a 10% cash dividend to shareholders, amounting to 10 baisa per share.
In its filing to the Muscat Securities Market (MSM), the company said that the OGM approved the auditors’ report for 2014 and approved the allocation of OMR 3,000 to corporate social responsibility (CSR).
Gulf Stone reported annual profits of OMR 332,500 ($864,130) for 2014 compared to OMR 134,000 ($348,200) for 2013, recording a profit surge by 148%.
The company’s capital amounts to OMR 3.63 million divided on 36.3 million shares.
