Mubasher: Oman Chromite Company invited on Wednesday shareholders to attend ordinary and extraordinary general meetings to be held on 9 March.
According to a bourse filing, the ordinary general meeting will discuss and approve a proposal to distribute cash dividends at 10% of the company’s capital, equivalent to 100 Baisas per share, as well as electing new board members from shareholders.
The company’s financial results showed net losses of OMR 126,380 in the fourth quarter of 2015, compared to OMR 91,300 in the same period of 2014.
Annual profit also fell 81.5% to OMR 57,410 in 2015 from OMR 310,800 in 2014.
Meanwhile, the extraordinary meeting will consider a proposal to amend the article number (3) in the company’s statute.
