Phoenix Power Co SAOG (PHPC)

Mubasher: Phoenix Power’s stock declined in Monday’s mid-session to its lowest level since its listing on the Muscat Securities Market (MSM). The stock tumbled 0.79%, to be traded at OMR 0.125. The stock levelled down after the Omani firm said it …

Mubasher: Phoenix Power on Sunday said it has reached a settlement agreement in the case filed against it by Daewoo E&C. This agreement “obliged” the Omani firm to pay $11.8 million to the engineering, procurement and construction (EPC) contractor …

Mubasher: Phoenix Power Company on Thursday reported widening its losses by 114.3% in the first quarter of 2017, compared to the same period in 2016. Losses stood at OMR 12 million in Q1-17, compared to OMR 5.6 million in Q1-16, according to the …

Mubasher: Phoenix Power Co. said shareholders registered with the Muscat Clearing and Depository Company as on 23 January 2017 will be entitled to receive annual dividends, according to a bourse statement. Shareholders approved cash dividends of …

By: Salama Abdulrahman Mubasher: The financial statements of the energy companies listed on the Muscat Securities Market (MSM) showed a year-on-year growth in their total net profits for the third quarter of fiscal 2016. Total profits of 11 listed …

Mubasher: Phoenix Power said its profits for the third quarter of 2016 rose 2.2% to OMR 10.94 million ($28.32 million) from OMR 10.71 million ($27.72 million), according to a bourse filing. Over the first nine months, the company earned OMR 15.44 …

Mubasher: Phoenix Power said Monday that Qatar Electricity and Water Company (QEWC) sold its entire 9.75% stake in the Omani firm to Nebras Power, a subsidiary of QEWC, according to a bourse filing. QEWC stake in Phoenix Power amounts to OMR 14.26 …

By: Salama Abdulrahman Mubasher:  The financial statements of the power companies listed in the Muscat Securities Market (MSM) for the second quarter of fiscal 2016 showed an increase of 5.4% in their profits, compared to the same period of 2015. …

Mubasher: Phoenix Power Company’s profits rose in the second quarter of the fiscal year 2016 by 2.5% to about OMR 10 million ($26 million), versus OMR 9.8 million ($25.37 million) in Q2-15. In the first half of the year, net profit grew by 40.63% …

Mubasher: Oman’s Capital Market Authority (CMA) and the Muscat Securities Market (MSM) approved on Tuesday a proposal by Phoenix Power’s board of directors to pay cash dividends at 2.8 Baisas per share for the fiscal year 2015. Cash dividends …

Mubasher: Oman’s Phoenix Power Company reported a 154% year-on-year rise in profit of fiscal year 2015, reaching OMR 28.77 million, compared to OMR 11.31 million in 2014.  Gross profit surged to OMR 36.76 million, versus only OMR 2,000 in 2014. …

The Management of Phoenix Power Company SAOG is pleased to announce the initial unaudited financial results for the year ended 31 December 2015. The Management of Phoenix Power Company SAOG is pleased to disclose the following initial un-audited …

Mubasher: Phoenix Power Company’s board of directors approved on Tuesday a proposal to distribute cash dividends of 2.8 Baisa per share from retained earnings as per the adjusted financial statements for the fiscal year ended on 31 December 2014. …

The Board of Directors of Phoenix Power Company SAOG (the “Company”) advises the Capital Market Authority, the Muscat Securities Market and the investors’ community that in accordance with the resolutions passed at the Annual General Meeting of …

Doha – Mubasher: Nebras Power said it entered into an acquisition agreement on Wednesday to acquire the entire stakes owned by Qatar Electricity and Water Company (QEWC) in two Phoenix companies. Taking place at the acquirer’s headquarters, the …

Doha – Mubasher: Qatar Electricity and Water Company (QEWC) announced on Tuesday that it will sign an acquisition agreement with Nebras Power under which the latter acquire 9.75% and 15% of QEWC’s shares in Phoenix Power Company and Phoenix …

Phoenix Power Company SAOG (the “Company”) advises the Capital Market Authority, the Muscat Securities Market and the investors’ community that it has resolved the following at the meeting of the Board of Directors held on 29 July 2015:   Approval …

The board of Phoenix Power permitted to pay a cash dividend of 1.7 baisa per share out of the retained earnings as per the audited financial statements for the financial year ended 31 December, 2014, based on the company’s meeting held on 8 June, …

The Board of Directors of Phoenix Power Company SAOG (the “Company”) advises the Capital Market Authority, the Muscat Securities Market and the investors’ community that in accordance with the resolutions passed at the Annual General Meeting of …

First trades on the shares of Phoenix Power start today, 22 June at the Parallel Market of Muscat Securities Market. Phoenix stock will be floated for the three coming days, according to regulations of the Omani stock market.