The management of the Phoenix Power Company SAOG (the “Company”) on behalf of the Board of Directors of the Company advises the Capital Market Authority, the Muscat Securities Market and the investors’ community that in accordance with the resolutions passed at the Annual General Meeting of the Company on the 21st March 2017 and as resolved by the Board of Directors at their recent meeting :
“To distribute cash dividend of Baizas 3.2 per share, out of the retained earnings as per the audited financial statements for the financial year ended 31st December 2016 to the shareholders of the Company who are registered in the Company’s shareholders’ register with the Muscat Clearing & Depository Company SAOC as on 18th July 2017.”