MUSCAT: The board of directors of BankDhofar has recommended a cash dividend of 13.5 per cent and a bonus share of 7.5 per cent for 2016. The total cash dividend will amount to OMR25.64 million, while the bonus shares will constitute 142.44 million shares of 100 baisas each.
The proposed dividend and financial statements are subject to the approval of the Central Bank of Oman and shareholders at the annual general meeting scheduled to be held on March 27, according to a disclosure statement posted by the bank on the MSM website.
Shell Oman Marketing Company’s board has decided to propose a final dividend of 106 baisas per share for 2016. The total dividend amount will be around OMR10.6 million and will be payable to shareholders in April 2017, after getting approval from the annual general meeting.
The company has achieved 13 per cent growth in net profit for 2016 at OMR16 million, while total revenue stood 16.9 per cent higher at OMR392.9 million, according to a disclosure statement posted on the MSM website.
