Mubasher: Al Maha Ceramics Company’s ordinary general meeting (OGM) approved distributing cash dividends and bonus shares to its shareholders for the fiscal year 2016.

The OGM gave a nod to cash dividends of 30.24 baisas per share, representing 30.24% of the company’s capital, in addition to 4.76% bonus shares for FY16, the company added on Monday in a statement to the Muscat Securities Market (MSM).

The capital stands at OMR 5.25 million, distributed on 52.5 million shares at OMR 0.1 par value.

The company’s 2016 profits declined 12.91% to OMR 2.09 million, compared to OMR 2.44 million in 2015.