Mubasher: Al Madina Takaful Company’s board of directors recommended on Monday cash dividends at 5% of the company’s capital, totalling OMR 875,000 for the fiscal year 2015.

The company’s board approved the adjusted financial statements of 2015, where annual profit declined 18.56% to OMR 827,830, compared to OMR 1.01 million in 2014.

The Muscat-listed company accepted the resignation of Gautam Datta from his position as a chief executive officer, and appointed Essa Al Barwani as a new acting CEO, the statement added.