Mubasher: Gulf Plastic Industries set 23 March for holding its ordinary general meeting to discuss the board’s recommendation of distributing dividends.
The board has proposed payment of 20% cash dividends or 200 baisa per share for the fiscal year of 2015, with a total value of OMR 200,000 ($519,480).
The Omani company reported profits worth about OMR 420,600 ($1.092 million) in FY15, compared to nearly OMR 344,650 ($895,194) in FY14.
Gulf Plastic’s extraordinary general meeting will review a proposal to transform joint-stock Gulf Plastic from a public to closed company.
