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02/03/2014 09:05 AST
The Board of Directors of A'Sharqiya Investment Holding Company (SAOG) convened on 27 February 2014, and endorsed the financial statements for the year ended 31 December 2013 where the company's net profit (before consideration of Board Remuneration) amounts to RO 534,996 (Rial Omani Five Hundred Thirty Four Thousand Nine Hundred Ninety six only) compared to 285,818 ( Rial Omani Two Hundred Eighty Five Thousand Eight Hundred Eighteen only) in 2012.
The Board of Directors further recommended the following:
· Distribution of dividends to the shareholders at the rate of 7% cash and 3% stock dividend.
· Submit the said recommendation to the company's shareholders general meeting, scheduled for 30 March 2014 for approval
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