Mubasher: Phoenix Power Company’s board of directors approved on Tuesday a proposal to distribute cash dividends of 2.8 Baisa per share from retained earnings as per the adjusted financial statements for the fiscal year ended on 31 December 2014.
Dividends will be distributed to shareholders registered at Muscat Clearing & Depository Company as of 24 January 2016.
The board earlier approved cash dividends of 1.7 Baisa per share on 8 June 2015.
The company’s share was flat in today’s trading.
