Mubasher: SMN Power Holding said that the board proposed a 22% cash dividend or 22 baizes per share to the shareholders, who are registered in the company’s register with Muscat Clearing & Depository Company as on 1 May, for the fiscal year 2015, according to a bourse filing on Thursday.

During the meeting, the board suggested to authorize it to approve the payment of an interim dividend not exceeding 19% per share or 19 baizes per share for the six-month period ended 30 June 2016, to the shareholders registered on 15 November 2016.

The board proposed to the SMN Barka’s shareholders to distribute a 860.7% cash dividend or OMR 8.607 per share for FY15 to the shareholders registered on 15 March.

The board also recommended authorizing it to distribute interim dividend for the period of 1 January to 30 June subject to a ceiling of 758.6 % or OMR 7.586 for each share, out of the retained earnings of SMN Barka as 30 June 2016 to the shareholders who are registered on 15 September 2016.

The board proposed to distribute a cash dividend of 23.1% or OMR 0.231 per share to the shareholders of Al Rusail registered on 15 March 2016.