Cash dividend money will come back to market

Suresh Kumar said the dividend money of investors will come back to the market as reinvestment, either by way of new initial public offering subscriptions or in the secondary market. Seven national insurance firms are expected to come out with initial public offerings within five months, while plans are afoot to offer shares of Mining Development Oman to the investing public.

Dividends

Listed companies on the Muscat Securities Market are expected to maintain total dividends for 2016 at the previous year’s level of OMR350 million. According to market sources, MSM 30 companies alone have achieved a 16 per cent growth in net earnings at OMR630 million in 2016 and the payout of these major companies is seen at 50 per cent.

130 listed companies

Scores of listed companies, including banks, leasing and hire purchase firms, oil marketing firms and utility companies, have already announced their dividends for 2016. As many as 130 companies are listed on the Muscat Securities Market, but a section of listed firms will not offer any dividend due to losses. Traditionally, telecommunication, oil marketing firms and utilities are the dividend pay masters in Oman.

Traded volumes on the Muscat bourse were moderate since the beginning of this year.