Taageer Finance approves 10% dividend


Oman – Mubasher: Taageer Finance Company said in a filing to the Muscat Securities Market (MSM) that its shareholders approved a 10% cash dividend amounting to 10 baisa per share.

The company reported a 3.62% decline in its profits for 2014, reaching OMR 3.8 million ($9.85 million) compared to OMR 4 million ($10.42 million) in 2013.

Shareholders also elected Mr. Faisal Al Hashar, Eng. Fahad Al Ahmadi, Mr. Ali Ziraknejad, Mr. Saleh Nasser Al Riyami, Mr. Hussain Mohamed Redha, Mr. Anwar Hilal Al Jabri, Mr. Mansoor Hamood Al-Amri and Mr. Khalid Mohamed Al Hamoodah as board members.

Taageer’s capital amounts to OMR 25.4 million divided on 253,590,000 shares.

Mubasher Contribution Time: 22-Mar-2015 06:38 (GMT)