Mubasher: The annual general meeting (AGM) of Salalah Port Services Company has approved distributing cash dividends, representing 20% of its capital, at 20 baisas per share for fiscal year 2016.

The AGM approved the board’s reports of the company’s financial position and profit and loss account, according to a filing to the Muscat Securities Market (MSM) on Thursday.

The total value of the dividends amounts to OMR 3.6 million, according to calculations by Mubasher.

The Omani company posted a 10.6% increase in profits reaching OMR 5.73 million in 2016, compared to OMR 5.18 million in 2015.