Mubasher: Salalah Beach Resorts Company’s ordinary general meeting (OGM) approved on Wednesday distributing cash dividends of 80 baisas per share, or 8% of its paid capital, for 2016.
The company’s board of directors had recommended to distribute cash dividends on 26 February.
Capital amounts to OMR 6.25 million distributed on 6.25 million shares with a nominal value of OMR 1 per share.
The company distributed cash dividends of 110 baisas per share, equivalent to 11% of its capital, for 2015.
Salalah’s annual profits for 2016 retreated 37.04%, reaching OMR 498,000 from OMR 791,000 in 2015.
The company also announced that the OGM approved forming a new board of directors for the next three years until 2020, appointing Mohammed Ghuloom Al Khoori as chairman and Richard Roy as his deputy.
