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Decisions of Board Meeting held on 14th February 2017.
Feb 14, 2017 - 03:35PM Company : AL JAZEERA SERVICES

This is to inform you that the Board of Directors at their meeting held on 14 February 2017 has approved the audited financial results for the year ended 31st December 2016 .

Key financial results are as below :

- Revenue for the year 2016 is RO 9,175,721 compared with RO 11,108,790 in the year 2015.

-  Net profit after tax for the year 2016 is RO 1,641,427 compared with RO 3,828,568 in the year 2015.

- Earnings per share for the year 2016 is 15 baisa  compared with  34 baisa in the year 2015.

- Net asset per share as on 31st December 2016 is 213 baisa compared with 220 baisa on

31st December 2015.

The Board proposed cash dividend of 15% (15 baisa per share) amounting to RO. 1,675,758 for the year 2016, subject to the approval by the Shareholders’ in the Annual General Meeting scheduled to be  held on 21 March 2017.

Thank you,