Mubasher: The general assembly of Dhofar Beverages and Foodstuff Company has approved the distribution of cash dividends at 5 baisa per share, according to a bourse filing.

The dividends represent 5% of the bank’s capital, the company added in a statement to the Muscat Securities Market (MSM) on Sunday.

Dhofar’s capital totals OMR 2 million, distributed over 20 billion shares, at a par value of OMR 0.1 per share.

Initial financial indicators showed that annual profits declined by 57.7% last year to OMR 132,600 compared to OMR 313,200 in 2015.