Mubasher: Sembcorp Salalah Power and Water Company’s board of directors recommended in its meeting yesterday cash dividends at 12.7% of the issued capital for the full fiscal year 2015.

The board also proposed cash dividends at 3.5% of the capital for shareholders registered in the company’s share book at Muscat Clearing and Depository Company as at 3 April, 2016.

On 24 November, 2015, the company’s ordinary general meeting approved the distribution of cash dividends at 9.2% of the capital.

The Muscat-listed company’s profit reached OMR 13.69 million after deducting tax provision, compared to OMR 12.8 million in 2014.