29/05/2014 06:10 AST

The board of directors of Oman Investment and Finance Company (OIFC) yesterday decided to recommend a 25 per cent cash divided amounting to OMR5 million. This is subject to the approval of shareholders of the company at its annual general meeting, the company said in a disclosure statement posted on MSM website. OIFC's net profit declined by 27.9 per cent at OMR6.62 million for the year ended March 2014, against OMR9.18 million for the previous year. However, revenue moved up 12.4 per cent to OMR12.49 million.


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Muscat Daily

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