Oman Cables Industry SAOG (OCAI)

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News

11 July 2017 09:58 AM Oman Cables Q2 profits plummet 51%

Mubasher: Oman Cables Industry (OCAI) on Tuesday reported a 51% drop in profits in the second quarter of 2017, compared to the same period the year before, according to a bourse statement. The Oman-listed company’s profits reached OMR 2.33 million …

Financial Results

27 March 2017 07:19 AM Oman Cables OGM approves 85 fils/shr dividends

Mubasher: The ordinary general meeting (OGM) of Oman Cables Industry Company (OCAI) approved the proposal of distributing cash dividends representing 85% of the capital, or 85 fils per share, for the fiscal year 2016 Oman Cables’ capital stands at …

General Assembly

26 January 2017 10:52 AM Oman Cables seasonal revenues down 37% in Q4; dividends at 85 baisa/shr

Mubasher: Oman Cables Industry’s audited financial statements showed a decline in profits during the fourth quarter of 2016 by 36.9% on a yearly basis, according to a bourse filing released Thursday. Net profits for Q4-16 amounted to OMR 3.44 …

Corporate Actions

10 October 2016 07:46 AM Oman Cables Q3 profits fall 13.8%

Mubasher: The unaudited financial statements of Oman Cables Industry reported a decline of 13.8% in profits during the third quarter of 2016 as compared to the same period a year ago. Net earnings stood at OMR 2.15 million ($5.56 million) in …

Financial Results

10 July 2016 05:44 AM Oman Cables posts lower profits in Q2

Mubasher: Oman Cables Industry reported a 14.3% decline in its second-quarter financials, according to a bourse statement. Profits reached OMR 4.75 million ($12.3 million) in Q2-16, compared to OMR 5.54 million ($14.35 million) in Q2-15. In the …

Financial Results

12 April 2016 06:30 AM Oman Cables posts lower profits in Q1

Mubasher: Oman Cables Industry posted a 11.7% profit decline in its quarterly profits, according to a bourse filing. Profits reached OMR 4.96 million ($12.84 million) in the first quarter of 2016, compared to OMR 5.62 million ($14.55 million) in …

Financial Results

8 March 2016 07:11 AM Oman Cables’ OGM approves 90% cash dividends

Mubasher: Oman Cables Industry Company’s ordinary general meeting (OGM) agreed Monday on cash dividends at 90% of the capital, for the fiscal year 2015. Unchanged from a year earlier, this payout is equivalent to OMR 90 ($2.34) baisa per share and …

Corporate Actions

22 February 2016 07:00 AM Oman Cables to decide on 90% dividends 7 March

Mubasher: Oman Cables Industry shareholders will meet on 7 March to resolve on a board proposal of distributing cash dividends at 90% of the capital, equivalent to 90 baisas per share, for the fiscal year 2015.   Shareholders will also look into …

General Assembly

14 January 2016 08:05 AM Oman Cables posts 7% rise in annual profit

Mubasher: Oman Cables Industry Company reported a 7.4% year-on-year rise in profit last year, as it reached OMR 21.34 billion versus OMR 19.87 billion 2014. Meanwhile, total sales dropped 6.5% to OMR 303.14 billion, compared to OMR 283.47 billion. …

Financial Results

14 January 2016 04:39 AM Initial Unaudited Annual Financial Results of Oman Cables Industry (SAOG) for Year ended 31 December 2015

Initial Unaudited Annual Financial Results of Oman Cables Industry (SAOG) for year ended 31 December 2015   (RO'000)   RO'000 Year Ended Year Ended % Change 31-Dec-2015 31-Dec-2014       Group Parent Group Parent Group Parent               Total …

29 December 2015 11:44 AM Prysmian Group raises stake in Oman Cables to 51%

Mubasher:  Prysmian Group increased its stake in Oman Cables Industry to approximately 51% by buying an additional 16% stake for €100 million, according to Oman News Agency. The Chief Strategy Officer Fabio Romeo said that the group has more than …

Mergers and Acquisitions

22 December 2015 06:45 AM Draka buys majority stake in Oman Cables

Mubasher: Oman Cables Industry Company announced on Tuesday that a group of its stockholders sold their stake to Draka Holding Company for OMR 44.09 million, making the buyer the new majority shareholder. The sale was executed for 14.69 million …

Mergers and Acquisitions

16 December 2015 06:53 AM Draka Holding to raise capital in Oman Cables by 51%

Mubasher: Oman Cables Industry announced that Draka Holding B.V. signed an agreement to increase its stake in the company to approximately 51%, thus gaining majority stake. As per the agreement, Draka currently owns 34.78% of Oman Cables’ total …

Companies Investments

14 December 2015 07:08 AM Oman Cables EGM approves amendments to statute

Mubasher: Oman Cables Industry said on Monday that shareholders, in an Extraordinary General Meeting , unanimously approved a proposal to amend articles number (7) and (14) in the company’s statute. The article (7), after amendment, says that …

Management Decisions

16 November 2015 06:04 AM Oman cables postpones EGM for lack of quorum

Mubasher: Oman Cables Industry (OCAI) announced that the extraordinary general meeting (EGM) that was scheduled to be held yesterday, November 15, didn’t take place for lack of quorum, and it’s going to be held on next Sunday to discuss a proposal …

General Assembly

29 October 2015 04:41 AM Invitation to attend the Extra-Ordinary General meeting of shareholders

Based on the request presented from a Shareholder of the Company (owning more than 25% of the share capital) to convene an Extraordinary General Meeting of the Shareholders in order to amend Article 7 and 14 of the Article of Association of the …

13 August 2015 04:12 AM Update on the Individual Labor Case

Following the disclosure made on the 12th of August 2015 with the relation to the Appeal of the Primary Court judgment in an individual labor case obliging the company to pay the amount of RO 942,810.279 (Omani Rials Nine Hundred Forty Two …

12 August 2015 03:56 AM Update on the Individual Labor Case

Following the disclosure made on the 14th of July 2015 with the relation to the Primary Court judgment in an individual labor case obliging the company to pay the amount of RO 942,810.279 (Omani Rials Nine Hundred Forty Two thousand Eight Hundred …

14 July 2015 05:18 AM Update on the Individual Labor Case

Following the disclosures made on 12 September 2013 and 8 January 2014 with relation to an individual labor case filed against the company, before the Primary Court in Seeb, for unfair dismissal and various compensation elements amounting to …

10 March 2015 04:03 AM Important decisions resolved by the Board of directors in its meeting held on 9 March 2015

Important decisions resolved by the Board of directors in its meeting held on 9 March 2015 at Company's office in Rusayl:  -       The members agreed to appoint Mr. Fabio Ignazio Romeo as Chairman  …

9 March 2015 07:43 AM Oman Cables approves 90% dividend

 Oman – Mubasher: Oman Cables Industry announced that its annual general meeting (AGM) approved on Sunday a cash dividend representing 90% of capital or 90 baisa per share.The AGM also approves the board of directors’ report and the proposal …

Corporate Actions

9 March 2015 05:46 AM Important decisions of the Annual General Meeting held on Sunday 8 March 2015

The Annual General Meeting of Oman Cables Industries (SAOG) was held at 4 pm on 8 March 2015 at Capital Market Authority Business Hall and the following was transacted:   1. The Report of the Board of Directors for the financial year ended 31 …

15 January 2015 05:31 AM OCI Board approves Audited Financial Results for 2014

 The Board of Directors of Oman Cables Industry (SAOG), in the meeting held on 14 January 2015, approved the audited Financial Statements for the year 2014 of the Parent Company and the Group and recommended the same for approval to the …

11 January 2015 02:54 PM Oman Cables net profit rises 8% in 2014

Oman Cables Industry announced its financial results to Muscat Securities Market (MSM), reporting a net profit after taxes rise by 8% to OMR 19.9 million (about $51.7 million) in 2014, compared to OMR 18.4 million in 2013.The Company’s total …

Company News

11 January 2015 05:21 AM Initial Unaudited Annual Financial Results of Oman Cables Industry (SAOG) for Year ended 31 December 2014

Initial Unaudited Annual Financial Results of Oman Cables Industry (SAOG) for year ended 31 December 2014   (RO'000)       Year Ended Year Ended % …