Mubasher: Majan Glass Company’s ordinary general meeting (OGM) agreed Sunday in the board of director’s recommendation to pay cash dividends at 10% of the capital, equivalent to 10 Baisas per share, for the fiscal year 2015.
The company is capitalised at OMR 4.2 million ($1.09 million) distributed across 42.02 million shares with a nominal value of OMR 0.1 ($0.26).
Majan’s net losses after tax reached OMR 1.61 million ($4.18 million in 2015, versus OMR 65,020 ($168,883) in 2014.
The last dividends distribution was in March 2013 at 10% of the share’s par value or 22 Baisas per share for the fiscal year 2012.
