Press Releases

ANNUAL AUDITED RESULTS AND PROPOSED DIVIDENDS FOR THE YEAR 201601/03/2017


The Board of Directors of OMINVEST on its meeting on Tuesday the 28th of February 2017 approved the Annual Audited Financial Statements for the Group and Parent Company for the year ended 31 December 2016.

The Group recorded a profit of RO 37.6m for the year compared to RO 37.2m in 2015. The profit attributable to the Parent Company shareholders from the Group profits is RO 23.9m compared to RO 23m in 2015.

The Board has also proposed a cash dividend of 15 baisa per share (totaling RO 9,536,863) and a stock dividend of 10 shares for every 100 shares (totaling 63,579,089 shares of 100 baisa each), representing 15% and 10% of the paid up capital; respectively, to be approved by the shareholders in the Annual General Meeting scheduled on Wednesday the 29th of March 2017.

The Audited Group and Parent Company Financial Statements together with the Directors’ Report, Corporate Governance Report, Management Discussion and Analysis Report, Auditors Report and Auditors Report on Corporate Governance; will be uploaded in English and Arabic to the Muscat Securities Market website under Financial Reports within the prescribed time.