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Shell Oman Marketing OGM approves huge dividends

Shell Oman Marketing OGM approves huge dividends
Photo Credit: Arabianeye-Reuters
Shell Oman
SOMS
3.12% 0.80 0.03

 

Oman – Mubasher: Shell Oman Marketing announced in a filing to the Muscat Securities Market (MSM) that its ordinary general meeting (OGM) approved a cash dividend amounting to 92% of capital or 92 baisa per share.

The OGM also approved the board of directors’ and auditors’ reports for FY14.

Financials for the marketing firm for 2014 showed a 12.4% decline in profit to OMR 9.2 million ($24 million) compared to OMR 10.5 million ($27.3 million) in 2013.

The company’s capital amounts to OMR 9.5 million divided on 95 million shares.