Oman Air to reflect USD 139.81mn capital increase
Date
3/15/2016 5:57:28 AM
(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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