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Raysut Cement proposes 75% cash dividend

Raysut Cement proposes 75% cash dividend
Photo Credit: Arabianeye-Reuters
Raysut Cement
RCCI
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Raysut Cement announced on Thursday that its Board of Directors has recommended a cash dividend to shareholders representing 75% of capital or 75 baizas per share.

In its filing to the Muscat Securities Market (MSM), the cement firm said it raised its recommendation to its ordinary general meeting (OGM) which will convene on March 29, 2015 to approve the distributions.

Raysut’s financials showed a net profit of OMR 27.4 million in 2014 against OMR 27.5 million in 2013.

The firm’s issued and paid-up capital amount to OMR 20 million divided on 200 million shares at par value OMR 0.1 per share.