Al Jazeera Steel Products to pay cash dividend

MUSCAT: Global Buyout Fund (GBF) said that its 51 per cent owned Al Jazeera Steel Products Company, which is a listed company on the Muscat Securities Market, has proposed year-end cash dividends of 9 per cent (9 baisa per share) for the year 2016 subject to approval of shareholders in the Annual General Meeting to be held on March 23, 2017.
This is over and above the interim dividend of 14 per cent (14 baisa per share) already paid, making this the largest cash dividend payment of 23 per cent (23 baisa per share) in the history of the company.