24/02/2015 13:37 AST

This is to inform you that the Board of Directors of Gulf Hotels (Oman) met on 23rd February 2015 and approved the following resolutions:

Approved the audited financial statements of the company for the financial year ended 31st December 2014.

Decided to recommend a cash dividend of 35% on paid up share capital of the company (amounting to Baizas 350 per share) for the financial year ended 31st December 2014 subject to its approval by forthcoming annual general meeting of shareholders.


Stock Market News

Gulf Hotels recommends interim dividend

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The board of directors of Gulf Hotels has decided to recommend an interim cash dividend of 40 per cent on paid-up share capital of the company (amounting to 400 baisas per share) for the six months p

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Gulf Hotels (Oman) renews management agreement

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Gulf Hotels (Oman) has renewed the management agreement of Hotel Crowne Plaza, Muscat with Holiday Inns Middle East, an associate company of Intercontinental Hotels Group (IHG).

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Gulf Hotels to pay 40per cent

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Gulf Hotels (Oman) has decided to distribute 40 per cent cash dividend for the first six months ended June. The decision was taken by the shareholders at a meeting on Monday.

Times of Oman

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OQEP 0.35 0.00 (0.00%)
OTEL 1.08 0.00 (0.00%)
OQGN 0.16 0.00 (0.00%)
ASCO 0.13 0.00 (0.00%)
ABRJ 0.28 0.00 (0.00%)
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