Stakeholders' Relations

Over the years, the Company has expanded its scale of operations with capacity expansion

Shareholders Structure

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Takamul Investment Co. SAOC 9,799,000 32.663%

Civil Services Employees Pension Fund 4,500,000 15.000%

Al Saud Co. Ltd 3,027,525 10.092%

Others (759 Nos) 4,556,375 15.188%

Oman Oil Marketing Co. 2,753,153 9.177%

Royal Court- Employees Pension Fund 1,500,000 5.000%

Heirs of Hilal Saud Al Busaidi 837,194 2.791%

Mohamed Hamad Mohamed Al Harthy 617,429 2.058%

Omar Ahmed Salim Qatan 439,372 1.465%

Public authority for Social Insurance 343,086 1.144%

Petroleum Development Oman –Omani Pension Fund 324,488 1.082%

Imad Jaffar Mohammed Sajwani 250,000 0.833%

BANK MUSCAT / OGF / UNITED SECURITIES 230,541 0.768%

Royal Oman Police Pension Fund 226,346 0.754%

Ubhar Capital Co 215,491 0.718%

Al Adawi Trading and Contracting 200,000 0.667%

Azan Shanfari 180,000 0.600%

Total 30,000,000 100.000%

Financial Information

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Assets
Equity and Liabilities

2016 2017 2018 2019 2020

Non-current assets
Property, plant and equipment	5,633,604	2,675,878	2,514,382	3,138,365	2,749,566
Right of use assets	-	-	-	268,681	239,944
Investment in an associate	-	1,984,296	1,839,874	1,849,393	-
Available for sale investments	165,000	-	-	-	-
Totalnon-current assets	5,798,604	4,660,174	4,354,256	5,256,439	2,989,510
Current assets
Inventories	1,073,047	155,561	160,107	175,850	232,260
Trade and other receivables	2,959,146	1,465,112	1,727,088	2,475,345	2,051,995
Bank balances and cash	772,132	4,477,794	2,196,766	2,538,938	4,540,051
Available for sale investments	-	-	-	-	-
Totalcurrent assets	4,804,325	6,098,467	4,083,961	5,190,133	6,824,306
Totalassets	10,602,929	10,758,641	8,438,217	10,446,572	9,813,816

Equity
Share capital	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000
Statutory reserve	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000
General reserve	198,672	-	-	-	-
Special reserve	1,457,067	1,457,067	1,457,067	1,457,067	1,457,067
Land revaluation reserve	1,110,887	1,110,887	1,110,887	1,110,887	753,887
Retained earnings	1,473,571	2,159,009	231,873	621,257	436,728
Totalequity	8,240,197	8,726,963	6,799,827	7,189,211	6,647,682
Non-current liabilities
Employees' end of service benefits	190,438	120,644	53,230	56,261	61,200
Non-current portion of finance lease	-	197,261	144,656	-	-
Non-current portion of term loan	-	-	-	797,718	582,951
Non-current portion of lease liabilities	-	-	-	250,336	219,878
Deferred tax liability	201,120	194,320	199,010	195,624	148,520
Totalnon-current liabilities	391,558	512,225	396,896	1,299,939	1,012,549
Current liabilities
Trade and other payables	1,850,654	836,787	1,098,498	1,687,993	2,383,315
Bank overdrafts	-	350,088	-	-	-
Current portion of finance lease	-	40,564	55,055	-	-
Current portion of term loan	-	-	-	202,707	231,122
Current portion of lease liabilities	-	-	-	22,909	21,634
Tax payable	120,520	292,014	87,941	43,813	48,577
Totalcurrent liabilities	1,971,174	1,519,453	1,241,494	1,957,422	2,684,648
Total liabilities	2,362,732	2,031,678	1,638,390	3,257,361	3,697,197
Totalequity and liabilities	10,602,929	10,758,641	8,438,217	10,446,572	10,344,879
Net assets per share	0.275	0.291	0.227	0.24	0.222

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2016 2017 2018 2019 2020

Profit before income tax	912,229	1,671,886	310,248	429,811	455,366
Adjustments
Allowance for slow-moving inventories	9,000	3,000	3,000	3,000	-
Depreciation of property, plant and equipment	577,640	335,198	227,929	213,730	299,350
Provision reversed on slow-moving inventories	-3,527	-158,769	-	-	-24,578
Dividend income	-	-8,767	-1,241	-	-
Share of loss from associate	-	-	144,422	-9,519	253,003
Interest income	-	-8,460	-48,773	-77,625	-110,161
Provision for employees’ end of service benefits	27,308	33,702	-	-	13,514
Gain on disposal of property, plant and equipment (net)	-425	-10,000	-	-	-45,155
Write-off of provision for doubtful debts	-6,855	-73,004	-	-	-
Depreciation on right-of-use assets	-	-	-	28,659	28,737
Allowance for doubtful debts	41,010	32,650	-	-	-
Operating profit before working capital adjustments	1,556,380	1,817,436	635,585	588,056	870,076
Working capital changes
Inventories	-54,700	1,073,255	-7,546	-18,743	-31,832
Trade and other receivables	-1,483,481	1,534,388	-262,026	-750,425	-111,335
Trade and other payables	513,252	-1,013,867	261,723	589,495	695,322
Cash flows from operations	531,451	3,411,212	627,736	408,383	1,422,231
Income tax paid	-169,840	-120,426	-289,692	-87,941	-43,813
Employees’ end of service benefits paid	-2,224	-103,496	-82,499	-6,111	-8,575
Net cash flow fromoperating activities	-552,842	1,515,404	-54,703	-115,480	914,477

Investment in an associate	3,522	10,000	-	-	-
Movement in term deposit	650,000	-	-	-	-
Purchase of property, plant and equipment	-83,399	-769,308	-69	-837,713	-330,551
Dividend received	-	8,767	1,241	-	-
Proceeds on property, plant and equipment relating to the disposal of business division	-	3,391,836	-	-	45,155
Interest received	-	8,460	48,773	77,625	110,161
Proceeds on sale of investments in available for sale	-	165,000	-	-	-
Net cash flow frominvesting activities	570,123	830,459	67,982	-760,088	-175,235

Fund from finance lease	-	237,825	-	-	-
Finance charges on lease liabilities	-	-	-	17,180	17,951
Dividends paid	-1,050,000	-900,000	-2,159,009	-	-600,000
Term loans (net)	-	-	-38,114	800,714	-186,352
Finance charges paid	-	-	-33,107	-59,825	-98,183
Lease liabilities (net)	-	-	-	-31,960	-45,934
Net cash flow fromfinancing activities	-1,050,000	-662,175	-2,230,230	726,109	-912,518

Change in cash and cash equivalents	651,642	7,483,280	290,063	2,819,290	2,821,028
Cash and cash equivalents at 1 Jan	892,622	1,544,264	9,027,544	9,317,607	12,136,897
Cash and cash equivalents at 31 Dec	1,544,264	9,027,544	9,317,607	12,136,897	14,957,925

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Profit
Other Comprehensive Income

2016 2017 2018 2019 2020

Revenue	9,210,711	9,089,093	8,669,245	11,833,448	16,114,242
Cost of sales	-7,775,486	-7,867,786	-7,701,107	-10,875,314	-15,233,234
Gross profit	1,435,225	1,221,307	968,138	958,134	881,008
Allowance for expected credit loss (net)	-	-	-12,055	7,147	-3,622
Gain on disposal of business division	-	1,467,040	-	-	453,610
Administrative and general expenses	-625,212	-1,120,504	-637,514	-631,951	-744,119
Other income	102,216	100,579	172,208	149,787	219,675
Share of profit of an associate	-	3,464	-144,422	9,519	-253,003
Allowance for slow-moving inventories	-	-	-3,000	-3,000	-
Profit before finance charges and income tax	912,229	1,671,886	343,355	489,636	553,549
Finance charges	-	-	-33,107	-59,825	-98,183
Profit before income tax	912,229	1,671,886	310,248	429,811	455,366
Income tax expense	-107,743	-285,120	-90,310	-40,427	-64,473
Profit for the year	804,486	1,386,766	219,938	389,384	390,893

Revaluation of land (net of tax)	-	-	-	-	-420,000
Total comprehensive income for the year	804,486	1,386,766	219,938	389,384	-29,107
Earnings per share	0.027	0.046	0.007	0.013	-0.001

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Share capital Statutory reserve General reserve Special reserve Land revaluation reserve Retained earnings Total equity

2016
Shareholders' Equity as of Jan 1	3,000,000	1,000,000	198,672	1,457,067	1,110,887	1,719,085	8,485,711
Transition adjustment on adoption of IFRS 9	-	-	-	-	-	-	-
Shareholders' Equity as of Jan 1 (adjusted)	3,000,000	1,000,000	198,672	1,457,067	1,110,887	1,473,571	8,240,197
Profit for the year	-	-	-	-	-	804,486	804,486
Other comprehensive income	-	-	-	-	-	-	-
Total comprehensive income	-	-	-	-	-	804,486	804,486
Transfer to retained earnings	-	-	-	-	-	-	-
Dividend paid for the previous year	-	-	-	-	-	-1,050,000	-1,050,000
Shareholders' Equity as of Dec 31	3,000,000	1,000,000	198,672	1,457,067	1,110,887	1,473,571	8,240,197
2017
Shareholders' Equity as of Jan 1	3,000,000	1,000,000	198,672	1,457,067	1,110,887	1,473,571	8,240,197
Transition adjustment on adoption of IFRS 9	-	-	-	-	-	-	-
Shareholders' Equity as of Jan 1 (adjusted)	3,000,000	1,000,000	-	1,457,067	1,110,887	2,159,009	8,726,963
Profit for the year	-	-	-	-	-	1,386,766	1,386,766
Other comprehensive income	-	-	-	-	-	-	-
Total comprehensive income	-	-	-	-	-	1,386,766	1,386,766
Transfer to retained earnings	-	-	-198,672	-	-	198,672	-
Dividend paid for the previous year	-	-	-	-	-	-900,000	-900,000
Shareholders' Equity as of Dec 31	3,000,000	1,000,000	-	1,457,067	1,110,887	2,159,009	8,726,963
2018
Shareholders' Equity as of Jan 1	3,000,000	1,000,000	-	1,457,067	1,110,887	2,159,009	8,726,963
Transition adjustment on adoption of IFRS 9	-	-	-	-	-	11,935	11,935
Shareholders' Equity as of Jan 1 (adjusted)	3,000,000	1,000,000	-	1,457,067	1,110,887	243,808	6,811,762
Profit for the year	-	-	-	-	-	219,938	219,938
Other comprehensive income	-	-	-	-	-	-	-
Total comprehensive income	-	-	-	-	-	219,938	219,938
Transfer to retained earnings	-	-	-	-	-	-	-
Dividend paid for the previous year	-	-	-	-	-	-2,159,009	-2,159,009
Shareholders' Equity as of Dec 31	3,000,000	1,000,000	-	1,457,067	1,110,887	231,873	6,799,827
2019
Shareholders' Equity as of Jan 1	3,000,000	1,000,000	-	1,457,067	1,110,887	231,873	6,799,827
Transition adjustment on adoption of IFRS 9	-	-	-	-	-	-	-
Shareholders' Equity as of Jan 1 (adjusted)	3,000,000	1,000,000	-	1,457,067	1,110,887	621,257	7,189,211
Profit for the year	-	-	-	-	-	389,384	389,384
Other comprehensive income	-	-	-	-	-	-	-
Total comprehensive income	-	-	-	-	-	389,384	389,384
Transfer to retained earnings	-	-	-	-	-	-	-
Dividend paid for the previous year	-	-	-	-	-	-	-
Shareholders' Equity as of Dec 31	3,000,000	1,000,000	-	1,457,067	1,110,887	621,257	7,189,211
2020
Shareholders' Equity as of Jan 1	3,000,000	1,000,000	-	1,457,067	1,110,887	621,257	7,189,211
Transition adjustment on adoption of IFRS 9	-	-	-	-	-	-	-
Shareholders' Equity as of Jan 1 (adjusted)	3,000,000	1,000,000	-	1,457,067	753,887	436,728	6,647,682
Profit for the year	-	-	-	-	-	415,471	415,471
Other comprehensive income	-	-	-	-	-	-	-
Total comprehensive income	-	-	-	-	-	415,471	415,471
Transfer to retained earnings	-	-	-	-	-	-	-
Dividend paid for the previous year	-	-	-	-	-	-600,000	-600,000
Shareholders' Equity as of Dec 31	3,000,000	1,000,000	-	1,457,067	753,887	436,728	6,647,682

Dividends

2020

Net Profit (OMR) 415,471

Retained Earnings (OMR) 436,728

Paid up Capital (OMR) 3,000,000

# of Shares 3,000,000

Dividend

% on Paid up Capital 15%

Bzs per share 0.145

Amount (OMR) 435,000

% on Retained Earnings 100%

2019

Net Profit (OMR) 389,384

Retained Earnings (OMR) 621,256

Paid up Capital (OMR) 3,000,000

# of Shares 30,000,000

Dividend

% on Paid up Capital 20%

Bzs per share 0.020

Amount (OMR) 600,000

% on Retained Earnings 97%

2018

Net Profit (OMR) 219,938

Retained Earnings (OMR) 231,872

Paid up Capital (OMR) 3,000,000

# of Shares 30,000,000

Dividend

% on Paid up Capital 0%

Bzs per share 0.000

Amount (OMR) 0

% on Retained Earnings 0%

2017

Net Profit (OMR) 1,386,766

Retained Earnings (OMR) 1,960,337

Paid up Capital (OMR) 3,000,000

# of Shares 30,000,000

Dividend

% on Paid up Capital 72%

Bzs per share 0.072

Amount (OMR) 2,159,010

% on Retained Earnings 110%

2016

Net Profit (OMR) 804,486

Retained Earnings (OMR) 1,473,571

Paid up Capital (OMR) 3,000,000

# of Shares 30,000,000

Dividend

% on Paid up Capital 30%

Bzs per share 0.030

Amount (OMR) 900,000

% on Retained Earnings 61%

2015

Net Profit (OMR) 1,311,742

Retained Earnings (OMR) 1,719,085

Paid up Capital (OMR) 3,000,000

# of Shares 30,000,000

Dividend

% on Paid up Capital 35%

Bzs per share 0.035

Amount (OMR) 1,050,000

% on Retained Earnings 61%

2014

Net Profit (OMR) 1,363,539

Retained Earnings (OMR) 1,607,343

Paid up Capital (OMR) 3,000,000

# of Shares 30,000,000

Dividend

% on Paid up Capital 40%

Bzs per share 0.040

Amount (OMR) 1,200,000

% on Retained Earnings 75%

Stakeholders' Relations

Shareholders Structure

Financial Information

2015

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