Mubasher: The board members of Gulf Hotels Oman recommended distributing 25% cash dividends of the issued capital for the first six months ended 30 June, 2016.

The proposal is worth 250 baisa per share, with a total of OMR 857,000, according to a bourse statement.

Gulf Hotels has reported a 26.5% decline in profits to OMR 1.01 million in H1-16 as compared to OMR 1.38 million in H1-15.