Resolutions of the Board of Directors

The Board of Directors of Al Maha Petroleum Products Marketing Co. SAOG has met on 20 February 2017 and discussed the unaudited financial statements for the year ended 31 December 2016.

The Board of Directors has proposed a cash dividend of Baisa 100 per share (100% of paid up share capital) for the year ended 31 December 2016 subject to the approval of the shareholders at the Annual General Meeting which shall be held on 20 March 2017. 

The summary of the 2016 unaudited financial results is given below:

 

 

Unaudited

2016

Audited

2015

Growth %

Sales

RO'000

402,216

349,307

15%

Other income

RO'000

1,930

1,962

(2%)

Cost of sales & Optg & Admn expenses

RO'000

396,060

342,069

16%

Net income after tax

RO'000

8,086

9,200

(12%)

Net Assets per share

RO

0.117

0.133

(12%)

For Al Maha Petroleum Products Marketing Company SAOG

Hamdi El Sayed
General Manager-Finance
Muscat: 21 Feb 2017