Resolution of the Board of Directors' in its meeting held on January 20, 2019
We are pleased to inform you that the Board of Directors of United Power Company (SAOG) resolved the following in its meeting held on January 20, 2019
- The Board approved the audited Financial Statements of the Company for the year ended 31 Dec 2018 along with the Board of Directors’ Report, Management Discussion Analysis Report and Report on Code of Corporate Governance.
- The Board recommended to distribute final cash dividends for the financial year ended 31/12/2018, subject to the approval of the Shareholders in the forthcoming AGM, as follows:
- Ordinary shareholders: 125% of the nominal value (1.250 for each share).
- Preference shareholders: 135.45% of the nominal value (1.3545 for each share).
The entitlement of final dividends is for the Company’s shareholders registered with Muscat Clearing & Depository Company SAOC on the AGM date to be held on February 14, 2019.