Published: Jun 19, 2014
Source: MSM

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Meeting of Board of Directors of ACWA Power Barka SAOG – Important Decisions

A meeting of Board of Directors of ACWA Power Barka SAOG (the Company) was held on 18 June 2014. The Board unanimously made the following decision:

The Board reviewed and approved the unaudited financials of the Company for the period January 01 – April 30, 2014 with revenues of RO 11.720 Million as compared to RO 12.545 Million for the same period in 2013. The net profit for the period January 01 – April 30, 2014 was RO 2.833 Million as compared to RO 2.243 Million for the same period in 2013.

The Board approved the distribution of 20% cash dividend amounting to RO 3,200,000 (Rial Omani Three Million Two Hundred Thousand Only) based on the retained earnings as per unaudited financial statements as at April 30, 2014, and authorized Mr. Ahmed Al Subhi and/or Mr. Usman Anwar to sign necessary documents and statements for payment of dividends. The record date for distribution of dividend is June 29, 2014.

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