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Shell Oman proposes 106% dividend for FY16

Shell Oman proposes 106% dividend for FY16
Profits increased by 13% in FY16 (Photo Credit: Arabianeye-Reuters)
Shell Oman
SOMS
1.25% 0.81 0.01

Mubasher: The board members of Shell Oman Marketing recommended a dividend distribution of 106% or 106 baisas per share, with an overall value of OMR 10.6 million, according to a bourse statement issued on Thursday.

During FY16, profits increased by 13% to total OMR 16 million from OMR 14.2 million in FY15.