Amman – Mubasher: Jordan Petroleum Refinery Co. board of directors recommended the distribution of cash dividends as well as bonus shares, the company said in a bourse filing Tuesday.
The board recommended a cash dividend at 18% of paid-in capital, or 180 fils per share. It also proposed a bonus share distribution at 20% of capital, or 1-for-5, through capitalising JOD 12.5 million from retained earnings. Thus, the company’s capital will be raised to JOD 75 million.
The Amman-listed company posted a 15.9% rise in 2014 net profits to JOD 32.73 million, from JOD 28.23 million a year earlier.
