Disclosure of material information for Raysut Cement Company (SAOG) and cash dividend distribution
Date Posted
: 26/02/2008
Source
: RCC
We would like to inform you that the Board of Directors of Raysut cement company (SAOG) held the first meeting in this year on 26th. February 2008 and has approved the audited financial statements for the year ended 31st.December 2007 , and proposed a cash dividend distribution of 100% of the paid up capital for the financial year ended 31st.December 2007.( last year 50% of the paid up capital) This proposal is subject to the approval of the of shareholders in the Annual General Meeting which will be held on 27th. March 2008.
The Company has earned a net profit of RO 30.120 million in 2007 as against RO 20.658 million in 2006an increase of 45.8%.
Audited Financial Statements along with reports would be submitted to Muscat Security Market within the time limit prescribed.
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