Mubasher: Oman Cement Company’s shareholders agreed Sunday on the proposal of the board of directors to distribute cash dividends at 30% of the capital or 30 Baisas per share for the fiscal year 2015.
The company is capitalised at OMR 33.09 million ($85.9 million) distributed across 330.87 million shares with a nominal value of OMR 0.1 ($0.26).
Oman Cement’s profit rose last year by 169.4% to OMR 4.71 million ($12.23 million) from OMR 1.75 million ($4.54 million) in 2014.
The company’s ordinary general meeting (OGM) earlier approved the same cash dividends for the fiscal year 2014.
The stock dropped in today’s trading 2.13% to OMR 0.458 ($1.19).
