Mubasher: Majan College’s net profit after tax for the fiscal year ended on 31 August 2016 fell by 6.9% to OMR 1.95 million from OMR 2.09 million for the previous year.
The company’s board of directors recommended cash dividends of 30 baisas per share (30% of the paid-up capital) for the year ended on 31 August 2016, totalling OMR 9 million.
The company’s annual general meeting (AGM) will be held on 29 November to discuss the proposal, according to a bourse filing released on Tuesday.
The board also recommended to the AGM to appoint Baker Tilly for external audit for the year ending 31 on August 2017.
