Mubasher: Al Suwadi Power’s board of directors agreed on paying cash dividends of 5.5 baisas per share (5.5% of the share’s par value).
Dividends will be paid out of retained earnings as per the audited financial statements for the fiscal year ended 31 December 2015 to shareholders registered with Muscat Clearing and Depository Company by 11 December, according to a bourse filing released on Wednesday.
Al Suwadi Power earlier posted a net profit of OMR 11.73 million for the first nine months of 2016, 17.5% up from OMR 9.98 million for the same period last year.
