Resolutions of the Board of Directors

The Board of Directors of Al Maha Petroleum Products Marketing Co. SAOG has met on 25 February 2014 and approved the audited financial statements for the year ended 31 December 2013 . 

The sales reported for 2013 were RO 318.50 million compared to RO 304.76 million for 2012 , registering an increase of 4.5% .

The net profit achieved for 2013 was RO 10.38 million compared to RO 10.03 million for 2012 , an increase of 3.5% . 

The Board of Directors has proposed a cash dividend of RO 1 per share ( 100% of paid up share capital ) for the year ended 31 December 2013 subject to the approval of the shareholders at the Annual General Meeting which shall be held on  25 March 2014 . 

The Board of Directors has also proposed to split the share into 10 shares , change the nominal value of the share from one Rial to Baisa 100 & accordingly amend the Articles of Association which is subject to the approval of the shareholders at the Extra Ordinary General Meeting which shall be held on  25 March 2014 . 

 

 

 

To download the financial statements click here:
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