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FINANCIAL NEWS
Oman Air to reflect USD 139.81mn capital increase
15 Mar 2016
(MENAFN) Oman Air carrier considers amid other things, an increase in the issued and paid capital of the firm from almost USD 17mn to USD 1.91mn.
The shareholders discussed a proposal to increase the authorized share capital of the firm by USD 258.91mn to a whole of USD 2.071mn.
Accordingly, the carrier continued to build on its contribution to the nation’s GDP despite a downtrend in the infusion of gov’t funding into the firm.
Moreover, the gov’t contribution was USD 336.57mn to the airline, but it returned USD 1.087mn to the economy.
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