Oman Chromite OGM approves 100 baisa/shr dividends

Mubasher: Oman Chromite Company approved distributing cash dividends for 2015 by 10% or of 100 baisa per share.

The company's capital amounts OMR3 million divided on 3 million shares at par value OMR 1 per share.

Oman Chromite’s board of directors decided in early February last year dividing 17% of the share capital by 170 baisa per share for 2014.

The company’s annual net profit decreased by 81.5% to reach OMR57,410 in 2015, compared with OMR310,800 in 2014.

Muscat listed company deepened its losses in the fourth quarter of 2015 by 29.9%, to reach OMR126,380, compared to OMR97,300 losses in the same period of 2014.

Meanwhile, the ordinary general meeting elected the following new board of directors’ members: Yusuf bin Salman Al Saleh, Ali bin Abdullah Al Badi, Rashid bin Saif Al Bimani and Qais bin Mohammed Al Yousuf.

Mubasher Contribution Time: 10-Mar-2016 06:24 (GMT)