The board of directors of United Power Company (SAOG) recommended final cash dividends for the financial year ended December 31, 2015, subject to the approval of the Shareholders in the forthcoming AGM, as: ordinary shareholders at 50% of the nominal value (500 Baiza for each share) and preference shareholders at 54.5% of the nominal value (Baiza 545) for each.

The board of directors of company appointed Mr. Steven Ruth as a Temporary Director to fill the vacant seat in the Board of Director until the next Annual General Meeting. The Board of company also resolved to appoint Mr. Mirdas bin Najeeb Al Rawahi as Chief Financial Officer of the company as replacement of Mr. Syed Mohammed Tariq who left the company for retirement. Mr. Mirdas Al Rawahi has 11 years of experience in Finance and accounts. Prior to joining the company, he worked as Financial Controller for Takamul Investment Company SAOC. He also worked in Ernst & Young Muscat office in the fields of External and Internal Audit.