22/02/2016 07:30 AST

Al Batinah Power said on Sunday its board has recommended a 10 per cent cash dividend. The board has approved an annual general meeting on March 14, the company said in a regulatory filing.

The dividends payment will be done in May/June and November/December 2016 and will be paid from the retained earnings.

With a contracted power capacity of 745MW, Al Batinah Power currently contributes a significant proportion of Oman's total Main Interconnected System (MIS) capacity, and is expected to play a significant role in meeting the growing power demand in the longer term.


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