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Oman’s National Detergent proposes 35% cash dividends for FY15

Oman’s National Detergent proposes 35% cash dividends for FY15
Photo credit: Arabianeye - Reuters
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Mubasher: National Detergent Company’s board of directors recommended on Thursday cash dividends at 35% or 35 Baisas per share for the fiscal year 2015, according to a bourse filing.

The Muscat listed company’s net profit dipped 15% to OMR 686,800 in 2015, versus OMR 809,120 in 2014.

The board also adopted the financial results of 2015, and set 15 March for general meeting to discuss cash dividends.