Mubasher: Gulf Mushroom Products company’s ordinary general meeting (OGM) agreed on distributing 15-for-100 bonus shares, equivalent to 15% of the capital, for the fiscal year 2015.
According to a bourse filing, the distribution will increase the capital to 34.38 million shares from 29.9 million shares.
The company’s profits shrank last year by 5.6% year-on-year to OMR 308,200 ($800,519).
The Muscat listed company’s shareholders earlier approved the distribution of 1-for-10 bonus shares, 10% of the capital.
