The board of directors of BankDhofar has recommended a cash dividend of ten per cent amounting to RO13.43mn and a bonus share issue of ten per cent, aggregating to 134.3mn shares of 100bz each.
The MSM30 index closed flat at 6,584.07 on Wednesday as turnover rose 35.4 per cent from the previous session to RO4.4mn.
The Wave, Muscat has awarded a RO16.2mn contract to Al Turki Enterprises LLC for the construction of 99 villas known as Reehan Residences.
Oman Ceramics Co, a manufacturer of vitreous China sanitaryware, has obtained the ISO:14001 certificate for its environmental management system and the OSHAS:18001 certificate for occupational health and safety standards.
Oman’s banking sector possesses the flexibility and diversity required to handle changing macroeconomic indicators, including the slump in oil prices, according to H E Hamood bin Sangour al Zadjali, executive president of the Central Bank of Oman (CBO).
Ahlibank and its Islamic counterpart Al Hilal Islamic Banking Services recently entered into a memorandum of understanding (MoU) with the Duqm Special Economic Zone Authority (Sezad) to provide banking services and finance to investors and companies setting up business ventures in Duqm.
A new global survey on cost of living has found that Saudi Arabia and Oman are the cheapest places to live in among the GCC countries.
The MSM30 index closed this week’s first session flat relative to Thursday’s at 6,644.92.