MUSCAT -- The shareholders of Muscat Finance Co. Ltd., the pioneer in hire purchase, leasing and debt factoring services, has approved a stock dividend of 10.2 per cent and a cash dividend of 15 per cent, aggregating to 25.2 per cent, for the financial year ended December 31, 2008. The dividend is payable on an enhanced capital of RO9.08 million. The shareholders at the Annual General Meeting held on March 26, 2009, adopted the accounts for the year 2008.
The company has declared a dividend in each of the 21 years since inception (including dividend for 2008), and distributed a total of RO21.41 million, including stock dividends against the original cash capital injection of RO3.4 million.
