Muscat Securities Market (MSM)- Listed Companies, which approved their financial statements, announced that they will distribute dividends onto their shareholders. Other companies are expected to unveil their plans for dividends once their general assemblies approve their financial statements during March or in the coming months. On February 24th, 2016, National Pharmaceutical Companies approved 10% dividends or 10 Baises per each share of 100 Baises nominal value.
Areej Vegetable Oils & Derivatives SAOG general assembly approved 35% or 350 Baises cash dividend for each share with a nominal value of RO1, in addition to 50% stock dividend. Shareholders forecast attractive dividend that are expected to reflect positively on share prices, especially if oil prices improved at the world market. The dividends that have been unveiled reflect the improvements made by the companies in their financial statements despite the slump of oil prices in 2015 compared to 2014 and 2013.
Investors are expecting cash dividends from Oman Refreshments Co. (100%) , Oman Cables Co (90%), Oman Chromite Co (10%). Shell Oman Marketing Co is coming on the top of the list of companies in terms of divided distribution with plans to distribute 106% or 106 Baises per share with a nominal value of 100 Baises. Al Maha Oil Products Marketing Company intends to distribute 100% cash dividend after getting the approval of the general assembly, which is expected to meet on March 22nd, 2016.
Omantel said that the general assembly will approve 60% cash dividend during its meeting on March 24th, 2016 and 40% during its meeting next August. Oman Hotel Management Co said that it will distribute 90% dividend or 900 Baises for each share with nominal value of RO1. Salalah Mills Co said that its general assembly will meet on March 31st and will approve 65% cash dividends or 65 Baises.
Oman Oil Marketing Co said that it will distribute 60% cash dividends. Raysut Cement Co said that it will distribute 50% cash dividend.
United Energy said that it will distribute 50% cash dividend for normal shareholders (500 Baises) and 54.5% (545 Baises)for premium shareholders.
