At the Board meeting held on 24 February 2016, SMN Power Holding SAOG approved to distribute a cash dividend of 22% per share (22 baizes per share) from the consolidated audited accounts of the company for the year ended 31 December 2015, to the shareholders who are registered in the company's register with Muscat Clearing & Depository Company SAOC as on 1 May 2016. The approved dividend is subject to shareholders approval at the AGM to be held on March 31, 2016.

The board also approved the payment of an interim dividend not exceeding 19% per share (19 baizes per share) out of the consolidated audited accounts of the company for the 6-month period ended 30 June 2016, to the shareholders who are registered in the company's register with Muscat Clearing & Depository Company SAOC as on 15 November 2016. The approved dividend is subject to shareholders approval at the AGM to be held on March 31, 2016.

The Board appointed Mr. Ahmed Dokmak as a temporary director of the Board to fill the vacancy created by the resignation of Mr. Alan Robinson.