Saturday 07 / March / 2026
Muscat: Public shareholding companies listed on the Muscat Stock Exchange will begin this week the annual distribution season through the annual ordinary general meetings that will continue until the end of March. During these meetings, the distribution of profits announced during the past weeks will be approved, in addition to discussing the performance of the companies during the financial year ending on December 31, 2025, and the financial, administrative and governance reports submitted by the companies’ boards of directors.
Musandam Power Company will hold its annual general meeting on Sunday, to discuss a proposal to authorise the Board of Directors to determine and distribute cash dividends to shareholders registered with Muscat Clearing and Depository Company, starting from the dates decided by the Board of Directors in March and September of this year, from retained earnings according to the audited accounts for the financial year ending last December, provided that the total dividends do not exceed 27.6 baisa per share. The company is among a group of companies that distribute dividends more than once during the year, which is one of the incentives in the Muscat Stock Exchange.
Oman Chrome Company is among the most prominent companies that have announced high dividend distributions during the current year, as it is considering at its Annual General Meeting on March 31 the distribution of cash dividends of 100 baisa per share in addition to free shares at a rate of 10 percent, equivalent to 10 shares for every 100 shares.
Oman Cables Industry will discuss at its upcoming meeting scheduled for March 25 the distribution of cash dividends of 95.5 baisa per share, while Al Maha Petroleum Products Marketing Company will hold its annual general meeting on the same day to discuss the distribution of cash dividends of 85 baisa per share.
In the banking sector, the boards of directors of banks listed on the Muscat Stock Exchange have submitted recommendations to the annual general meetings to distribute dividends to shareholders. Bank Muscat is at the forefront, as it intends to distribute cash dividends of 18 baisa per share. This proposal will be discussed at the annual general meeting scheduled to be held on March 17. The bank will also hold an extraordinary general meeting on the same day to discuss a proposal to increase the bank's authorised capital from OMR800 million to OMR1.2 billion.
The National Bank of Oman (NBO) recommended a cash dividend of 10.5 baisa per share, Bank Dhofar said it intends to distribute a cash dividend of 7.5 baisa per share, while Oman Arab Bank recommended a cash dividend of 5 baisa per share. The board of directors of Bank Sohar International recommended a cash dividend of 4 baisa per share and the issuance of debt bonds convertible into mandatory shares at a rate of 4 baisa per share. Bank Nizwa recommended a cash dividend of 2.7 baisa per share and mandatory convertible bonds into additional Tier 1 shares at a rate of 4.54 percent of the paid-up capital.
In the telecommunications sector, Omantel intends to distribute cash dividends of 55 baisa per share, while Ooredoo intends to distribute cash dividends of 11.5 baisa per share.
The number of companies that announced the distribution of profits to their shareholders is about 60 public shareholding companies whose fiscal year ended last December, most notably banks, telecommunications companies, investment, insurance and finance companies, water and energy production companies, oil marketing companies, many industrial companies and service companies, in addition to the OQ Group companies that distribute profits more than once during the year.
