Disclosure - Board of Directors' Resolutions
The Board of Directors of Sohar Power Company SAOG is pleased to inform the Muscat Securities Market and the investors’ community that it has resolved the following in its meeting held on 18 July 2016:
1-The Board reviewed and approved the audited Financial Statements of the Company for the period ended 30 June 2016 along with the Board of Directors’ Report. The audited Financial Statements can be viewed in the website of Muscat Securities Market.
2-Based on the AGM resolution held on 29 March 2016 to authorize the Board of Director to distribute dividends for the period from 1 January 2016 to 30 June 2016 subject to a ceiling of 4.132%. Accordingly, the Board of Directors is pleased to announce the distribution of 4.132% cash dividends i.e. 4.132 Baiza per share to the shareholders registered in the Company’s shareholders register with MSM at the end of trading day on 4 August 2016.