Mubasher: Salalah Mills Company said its shareholders gave the go-ahead to 40% dividends, or 40 baisas per share, for fiscal year 2016, according to a bourse statement.
Total approved dividends amount to OMR 1.93 million
The company’s capital stands at OMR 4.82 million, distributed on 48.2 million shares at OMR 0.1 per share.
The shareholders approved authorising the company’s board to distribute 20% cash dividend or 20 baisas per share for the second half of 2016, subject to receiving the subsidy amount for the years 2013-2014 from the country’s government.
The renewal of the authorised company's capital of OMR 10 million was approved.
