Mubasher: Al Maha Petroleum Products Marketing Company's ordinary general meeting (OGM) on Monday approved the board's proposal of distributing a cash dividend representing 100% of its capital and amounting to 100 baisas per share.

The company has a capital of OMR 6.9 million distributed on 69 million shares with a par value of OMR 0.1 per share, bringing the total value of the distribution to OMR 6.9 million, according to a bourse filing on Tuesday.

Al Maha achieved annual profits of OMR 8.75 million in 2016, a decline of 4.9% from OMR 9.2 million reported in 2015.

In August, Al Maha's OGM approved a cash dividend distribution to shareholders representing 100% of its capital or 100 baisas per share for 2015.