Al Anwar's board approves capacity expansion project

19/05/2014 06:15 AST

The board of directors of Al Anwar Ceramic Tiles (AACT) has approved an expansion plan to enhance its capacity by four million square metres per annum. The company is looking to use alternative energy option till the regular natural gas allotment from the government is obtained.

The company' net profit grew marginally by one per cent to OMR2.22 million in the first quarter of 2014 from OMR2.20 million for the same period last year. The company's income was more or less same at OMR7.18 million.

The board of directors last year approved the proposal to set up a new joint venture in Oman to produce frit, which is a major component in tile glazing. The board also approved to convert its wet grinding body preparation facility (which runs on natural gas) to dry grinding facility (which runs on electricity).

Times of Oman

News

Oman's Al Anwar announces stock buy-back plan

28/12/2014

Al Anwar Holdings, one of the major investment holding companies in Oman, said its stocks surged after the company's board decided to explore a potential buy-back of up to 10 per cent of its shares a

Reuters

Al Anwar Ceramic to distribute cash dividends of 20% for year 2013

08/04/2014

The company has authorized Muscat Clearing and Depository Co.SAOC (MCD) to distribute the cash dividend of 20% ( RO .020 per share) on behalf of the company for the year ended 31st Dec 2013.

Press Release

Distribution of Cash Dividend

07/04/2013

We are pleased to advise all our shareholders that the company has authorized Muscat Clearing and Depository Co.SAOC (MCD) to distribute the cash dividend of 15% ( RO .015 per share) on behalf of th

Press Release