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Salalah Mills OGM approves 65% dividends

Salalah Mills OGM approves 65% dividends
Photo Credit: Arabianeye-Reuters
Salalah Mills
SFMI
-2.04% 0.49 -0.01

 

Oman – Mubasher: Salalah Mills said its ordinary general meeting (OGM) has approved a cash dividend, representing 65% of capital and amounting to 65 baisa per share to shareholders, according to a filing to the Muscat Securities Market (MSM).

Preliminary unaudited financials for the fiscal year ended December 31, 2014 revealed a profit increase by 10.92% to OMR 5.5 million ($14.3 million) compared to OMR 4.9 million ($12.9 million) during FY13.

The company’s capital amounts to OMR 4.1 million divided on 41.2 million shares.