The Board of Directors of Oman Cables Industry (SAOG), in its meeting held on 17 January 2018 in OCI office in Rusayl, has approved the audited Financial Statements for the year ended 31 December 2017 of the Parent Company and the Group and recommended the same for approval to the Shareholders at the Annual General Meeting scheduled on 26 March 2018.

Highlights of Financial Statements for the group are as follows:

- Sales of 2017 were RO 242.6 million compared to RO 228.6 million in 2016, an increase of 6.1%

- Net Profit after tax attributable to Equity holders of the parent was RO 6.8 million in 2017 compared to RO 15.3 million in 2016

- Earning per share (Face Value RO 0.100) was RO 0.076 in 2017 compared to RO 0.170 in 2016

- Net asset per share (Face Value RO 0.100) was RO 1.068 on 31 December 2017 compared to RO 1.078 on 31 December 2016

The Board recommended distribution of cash dividends to shareholders of 45% of its Share capital equal to RO 0.045 per share (45 baisa per share) of the face value of RO 0.100, to be approved by the Shareholders at the Annual General Meeting scheduled on 26 March 2018.