Oman – Mubasher: Oman Chlorine said its ordinary general meeting (OGM) approved a 10% cash dividend, amounting to 10 baisa per share for 2014, according to a filing to the Muscat Securities Market (MSM).

Shareholders also approved a stock dividend, representing 5% of capital at one share for every five, bringing capital to 64,860,628 shares, up from 61,772,027 shares.

Moreover, the OGM approved increasing the corporate guarantee amount of $26.97 million favouring the UAE’s National bank of Abu Dhabi (NBAD) for Union Chlorine LLC, which is 48.8% owned by Oman Chlorine, to become $31,851,760 to cover the additional financing facilities obtained by Union Chlorine for the construction of calcium chloride unit.

Oman Chlorine’s capital amounts to OMR 64.8 million divided on 64,860,631 shares.