Mubasher: Omani National Pharmaceutical Industries’ (NPMI) board recommended a cash dividend distribution to shareholders of 10 baisa per share, according to a statement on Wednesday.
The dividends represent 10% of the Omani company’s capital, according to a filing to the Muscat Securities Market (MSM).
Dividends are subject to approval in the company’s upcoming general meeting on 22 February.
NPMI’s general meeting approved late February 2016 a cash dividend distribution representing 10% of capital, at 10 baisa per share, with total of OMR 500,000.
NPMI’s net profits after taxes were up by 24.82% to OMR 1.32 million in 2016, versus OMR 1.05 million in 2015.
