Mubasher: The annual general meeting (AGM) of Sembcorp Salalah Power and Water Company on Tuesday approved the board’s recommendation to distribute cash dividends for 2016, according to the company’s statement.

A cash distribution representing 3.6% of capital and amounting to 3.6 baisas per share will be given to shareholders registered with Muscat Clearing and Depository Company on 2 April, the power and water company added in its statement on Wednesday.

Sembcorp Salalah’s capital amounts to OMR 95.45 million distributed on 954.57 million shares with a par value of OMR 0.1 per share, bringing the total value of the distributions for 2016 to OMR 13.27 million.

The company previously distributed interim cash dividends of 10.3 baisas per share in November, bringing total cash dividends for 2016 to 13.9 baisas per share.

Annual profits increased 7.2% reaching OMR 14.63 million in 2016 compared to OMR 13.64 million the year before.