Mubasher: Oman National Engineering and Investment Company’s shareholders approved the distribution of cash dividends of 10% of the company’s capital, according to a statement to the Muscat Securities Market (MSM).
The engineering company added on Monday that its ordinary general meeting (OGM), held Sunday, 12 March, approved the distribution of 10 baisas per share for 2016.
Oman National Engineering’s capital amounts to OMR 10 million distributed on 100 million shares at a par value of OMR 0.1 per share, bringing total dividends to OMR 1 million.
The company’s shareholders last approved a capital increase at the end of March 2016 through bonus shares of one share for every nine shares. They also approved a cash dividend of 9% of the company’s capital before the increase.
