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Approval of Audited Financial Statements for the year ended December 31, 2016
Feb 19, 2017 - 09:04AM Company : AL SHARQIA INVESTMENT HOLDING

The Board of Directors of A’Sharqiya Investment Holding Company (SAOG) convened on February 16, 2017 and endorsed the financial statements for the year ended December 31, 2016 where the company’s net profit amounted to RO 1,108,945 (Rail Omani One Million One Hundred Eight Thousand Nine Hundred Forty Five only) as compared to RO 134,728 (Rail Omani One Hundred Thirty Four Thousand Seven Hundred Twenty Eight only) for the year ended December 31, 2015.


The Board of Directors further recommended the following:  


  • Distribution of cash  dividends to the shareholders at the rate of 5.0%    


  • Submit the said recommendation to the company’s shareholders general meeting, scheduled for 19 March 2017 for approval.