Oman Education and Training Investment Holding (OETI) announced its approved financials for the period ending August 31, 2014 in its statement to the Muscat Securities Market (MSM), during which it reported a net profit after tax of OMR 943,763 compared to OMR 786,273 in profit during the corresponding period a year earlier.

Furthermore, the statement to the MSM highlighted the adoption the Memorandum of Understanding (MoU) for the purchase of Sohar International School with M/s. Iskan Knowledge worth OMR 1.350 million.

It is worth noting that the Company’s Board of Directors has proposed a seven percent cash dividend. Moreover, the Board has decided to hold its annual general meeting (AGM) on November 25, 2014.