Oman's NAPCO Approves OMR0.005 Cash Dividend Per Share

Thursday, Dec 21, 2006

BEIRUT (Zawya Dow Jones)--Oman-based National Aluminium Products Co., or NAPCO, said its board of directors approved in its general meeting Wednesday to distribute a cash dividend of 0.005 Omani riyals ($0.01) per share.

In a statement on the Muscat Securities Market website Thursday, NAPCO said the cash dividend represents 5% of the nominal value of each share according to the audited financial results ending Dec. 31, 2005.

NAPCO, which was established in 1984 and capitalized at OMR3.3 million ($8.5 million), is involved in the manufacture and sale of aluminum and aluminum products.

-By Nadim Issa, Zawya Dow Jones, +961 1 985757, nadim@zawya.com

Copyright (c) 2006 ABQ Zawya Ltd.

(END) Dow Jones Newswires

21-12-06 1004GMT