The Board of Directors of Oman’s Dhofar Insurance has approved the company’s financials for 2014. The insurer reported a net profit of OMR 3.31 million, a decline by 29% compared to figures from 2013.

The Board recommended a cash dividend of 10% to shareholders subject to market regulator approval.

Dhofar Insurance’s capital amounts to OMR 20 million, divided on 200 million shares at par value OMR 0.1 per share.