Mubasher: Acwa Power Barka’s board approved 18% cash dividend payout on 15 June, based on the retained earnings as per audited financial statements as at 30 April.

The company will distribute a total of OMR 2.88 million, according to a bourse statement.

The record date for dividend payment is on 26 June.

The board also approved the company's audited financials for the four months ending 30 April 2016.

The company posted net profits of OMR 3.331 million and revenues of OMR 19.709 million during the four-month period.