Power to build
strong communities



Board of Directors resolution's disclosure 02 Jul 2018

The management of the Phoenix Power Company SAOG (the "Company")  on behalf of the Board of Directors   of  the   Company  advises  the  Capital Market  Authority, the  Muscat  Securities Market and the investors'  community that  in accordance with    the    resolutions    passed   at   the   Annual General  Meeting of  the  Company  on  the  19th March  2018 and as resolved  by the Board of Directors at their recent meeting :

"To distribute cash dividend of Baizas 2.0 per share, out  of  the  retained   earnings  as per  the audited  financial statements for the financial year ended 31st December 2017 to the shareholders  of the  Company  who  are  registered  in  the Company's    shareholders'    register    with     theMuscat  Clearing & Depository  Company SAOC ason 12th July 2018."