Mubasher: Qatar Oman Investment Company (QOIS) on Tuesday announced that its general assembly approved distributing cash dividends of 5% of the share's nominal value, with a per-share dividend of QAR 0.5 for 2017.

The company turned to losses in the fourth quarter of 2017 with QAR 1.23 million, according to a filing to the Qatar Stock Exchange (QSE).

Year-on-year, the Qatar-based firm's profits dropped 30.2% to QAR 9.33 million for the full year 2017.

By 10:25 am, Qatar time, Qatar Oman's stock declined 5.37% to QAR 7.75.