Mubasher: Gulf International Chemicals Company’s ordinary general meeting (OGM) agreed Thursday on increasing the proportion of cash dividends distributed to shareholders from 35% to 44% of the share’s par value (44 Baisas per share) for 2015, according to a bourse filing released on Sunday.
The OGM earlier approved cash dividends at 22% of the stock’s par value (22 Baisas per share) for the fiscal year 2014.
The company is capitalised at OMR 2.1 million ($5.45 million) distributed across 21 million shares with a nominal value of OMR 0.1 ($0.26).
The Muscat listed company’s profits rose last year by 61.41% to OMR 808,290 ($2.09 million) from OMR 500,780 ($1.3 million).
