Mubasher TV
Contact Us Advertising   العربية

Oman Hotels’ shareholders to discuss capital renewal, cash dividends

Oman Hotels’ shareholders to discuss capital renewal, cash dividends
An hotel operated by Oman Hotels and Tourism (Photo credit: Company website)
OHTC
OHTS
5.31% 0.44 0.02

Mubasher: Oman Hotels and Tourism Company invited its shareholders to attend the company’s ordinary and extraordinary general meetings (OGM, EGM) on 14 June.

According to a bourse filing released on Sunday, the EGM will discuss renewing the authorised capital to OMR 7 million.

Meanwhile, the OGM will consider distributing cash dividends at 200% of the capital or 0.200 baisas per share, in addition to 27-for-100 bonus shares (27% of the capital).

Approving the distribution will result in increasing the company’s share capital from OMR 5.5 million to OMR 6.98 million.