16 DEC 2013
17 DEC 2013
04 NOV 2013
04 AUG 2013
12 MAY 2013
30 APR 2013
05 Mar 2013
27 Mar 2013
17 Feb 2013
12 Feb 2013
 
 
DIDIC TO BUY 35% SHAREHOLDING OF OIFC
The Board of Directors of Dhofar International Development & Investment Holding SAOG in their meeting held on Sunday 15 December 2013 in Muscat has given approval , to buy 35% shareholding  of Oman Investment & Finance Co SAOG  , Subject to approval from appropriate regulatory authorities.
The Board of Directors expect this strategic investment will  add value to its assets.

DIDIC BOUGHT 35% SHAREHOLDING OF OIFC

Further to our yesterday disclosure followed by obtaining approval of CMA , We inform the investor community that we have bought today  69,999,986 shares of OIFC at price of R.O. 0.370 per share.

Unaudited Financial Results - Nine months ended 30th SEPTEMBER 2013
In compliance with Disclosure of Financial Statements , Dhofar International Development & Investment Holding Co. SAOG is pleased to report the unaudited financial results for the period of nine months ended 30th SEPTEMBER 2013 as under:
 
 
Parent
Consolidated
30/09/2013
RO
30/09/2012
RO
30/09/2013
RO
30/09/2012
RO
Total Revenue
7,841,740
4,927,211
4,118,937
3,181,514
Total Expenses
(2,612,816)
(2,736,390)
(3,855,925)
(2,767,157)
Realised loss on sale of associate of subsidiary
-
-
(794,458)
-
Share of profit from associates
-
-
14,645,224
8,000,115
Change in fair value of financial assets at fair value through profit & loss
1,624,575
(1,404,359)
1,696,937
(1,368,605)
Net profit  before  tax
6,853,499
786,462
15,810,715
7,045,867
Tax
(152,412)
-
(152,412)
-
Net profit after tax
6,701,087
786,462
15,658,303
7,045,867
Financial Position
30/09/2013
RO
31/12/2012
RO
30/09/2013
RO
31/12/2012
RO
Total Assets
232,533,521
208,194,249
189,401,252
174,737,977
Shareholders’ equity
143,641,800
123,116,720
94,397,376
83,450,763
Net assets per share
0.718
0.616
0.472
0.417
 
Note:-
These results are subject to review and approval by Audit Committee / Board of  Directors .After approval complete financial statements shall be upload at MSM / Company Website

Unaudited Financial Results – Six months ended 30th June 2013
The Board of Directors Dhofar International Development & Investment Holding SAOG  in their  meeting held on Saturday 3rd  August 2013 has approved the unaudited  financial statements for the period of six months ended 30th June 2013 the results are as under:
 
 
Parent
Consolidated
30.06.2013
RO
30.06.2012
RO
30.06.2013
RO
30.06.2012
RO
Total Revenue
7,246,564
4,422,397
2,900,993
2,673,958
Total Expenses
(1,757,536)
(1,864,630)
(2,605,177)
(1,885,300)
Share of profit from associates
-
-
12,084,073
5,577,052
Change in fair value of financial assets at fair value through profit & loss
742, 286
(1,115,708)
1,154,393
(1,071,321)
Net profit
6,231,314
1,442,059
13,534,282
5,294,389
Financial Position
30.06.2013
RO
31.12.2012
RO
30.06.2013
RO
31.12.2012
RO
Total Assets
223,128,264
208,194,249
181,913,387
174,737,977
Shareholders’ equity
137,424,055
123,116,720
90,044,825
83,450,763
Net assets per share
0.687
0.616
0.450
0.417

Unaudited Financial Statements for three months ended 31st March 2013
The Board of Directors of Dhofar International Development & Investment Holding SAOG in their meeting held on Thursday 9th May 2013, approved the unaudited Financial Statements for three months ended 31st March 2013.
The complete set of financial statements in Arabic and English uploaded on the MSM website and the company website www.didic.net

Unaudited Financial Results - Three months ended 31st March 2013
In compliance with Rules and Guidelines on Disclosure by Issuer of Securities and Insider Trading  , Dhofar International Development & Investment Holding SAOG is pleased to report the unaudited financial results for the period of three months ended 31st   MARCH 2013 as under:
 
 
Parent
Consolidated
2013
RO
2012
RO
2013
RO
2012
RO
Total Revenue
6,515,103
3,634,516
2,077,812
1,884,062
Total Expenses
(892,990)
(945,160)
(1,321,297)
(955,736)
Share of profit from associates
-
-
9,523,263
2,861,537
Change in fair value of financial assets at fair value through profit & loss
1,044,238
(658,046)
1,109,293
(622,552)
Net profit
6,666,351
2,031,310
11,389,071
3,167,311
Total Assets
237,247,503
237,374,741
185,637,227
166,210,607
Shareholders’ equity
146,729,313
147,448,695
88,956,124
76,014,381
Net assets per share
0.734
0.737
0.445
0.380
 
Note:-
Theses results are subject to review and approval by Audit Committee / Board of Directors .After approval complete financial statements shall be upload at MSM / Company Website

NOTICE OF THE ORDINARY ANNUAL GENERAL MEETING.
The Board of Directors of Dhofar International Development & Investment Holding SAOG is pleased to invite all shareholders of the Company to attend the Ordinary Annual General Meeting scheduled to be held at 3.00 PM on Tuesday, 26th  March 2013 at Hamdan Plaza Hotel Salalah to consider the following agenda:
 
01.    To consider and approve the Report of the Board of Directors for the financial year ended 31st   December 2012.
02.    To consider and approve the Corporate Governance Report for the financial year ended 31st  December 2012.
03.    To consider the Auditors’ Report and approve the Financial Statements (Balance Sheet and Profit & Loss account)  for the year ended 31 December 2012.
04.    To consider and approve the proposed cash dividend of 30% of the paid up capital  at the rate of 30 baizas per share for the financial year ended 31 December 2012.
05.    To ratify the payment of sitting fees for the Board and Committees’ Meeting during the year 2012 and to determine the sitting fees for the current financial year 2013.
06.    To approve the payment of Board Remuneration of RO.160,500/- for the financial year ended 31/12/2012.
07.    To notify the shareholders with related party transactions entered during the financial year ended 31 December 2012 for approval.
08.    To approve the related party transactions to be entered during the current financial year ending 31 December 2013.
09.    To notify the AGM with the donations paid to various charitable organizations during the financial year 2012 and to authorize the Board to set aside RO 100,000 to be paid during the current financial year 2013.
10.    To appoint Auditors for the financial year ending 31st  December 2013 and determine their fees.
 
In accordance with the Company's Articles of Association and amendments thereto, any shareholders is entitled to authorize any other person to attend the meeting and vote , provided that the authorization should be done on the proxy issued by Muscat Clearing & Depository Co. attached to the notice. Any natural person should attach his ID Card for the adult , or a copy of Passport for the ladies and minors , or a residence cards and passport for the non- Omanis .The proxy should be signed by one of the authorised signatories and carry the company's stamp with a copy of the commercial registration and the specimen of the authorised signatures.
To prevent delay in starting the meeting shareholders are requested to arrive about half an hour before the scheduled meeting time.
 
For further information please contact Mr. Ahmed Bin Bakheet Fadhil on telephone number 23295400. 
Notice: Joint stock companies must deposit the dividend amount due to investors that remains uncollected after the expiry of six months from the due date, into the Investors’ Trust Fund. Please note that each shareholder must contact the Muscat Clearing & Depository Company SAOC for any enquiry in respect of any such amounts due to him.
 
 
 
    
Chairman                                         Auditors                                 Legal Advisor

Resolutions passed during the AGM held on March 26th 2013
We wish to inform that the following resolutions were passed by the Shareholders during the AGM  held at 3:00 PM on 26th  March 2013 at Hamdan Plaza Hotel - Salalah.
 
No
Resolution
1
Approval of  the Directors Report for the year ended 31st December 2012
2
Approval of  the Corporate Governance Report for the year ended 31st December 2012.
3
Approval of  the Audited Financial Statements for the year ended 31st December 2012.
4
Approval of  distribution of Cash Dividend @ 30% of the paid up capital ( 30 Baisa per share of 100 Baisa each)  for 2012.
5
Ratification of  the sitting fees paid to the Board of Directors and Committees during the year ended 31stDecember 2012, and approval of  the proposed sitting fees for 2013.
6
Approved Directors remuneration amounting to R.O. 160,500 for 2012.
7
Approval of  the related party’s transactions entered during 2012 and the related party’s transactions to be executed during 2013.
8
Ratification of  donation of  RO  100,000  paid during 2012 .
9
 Approval of a limit to the Board of Directors for donating up to RO 100,000  in respect of donations during the financial year ending 31st December 2013.
10
Approval of appointment of  PriceWaterHouseCoopers as the company’s statutory auditors for the financial year ending 31st December 2013 as per their proposal.

DIDIH’s proposed dividend for 2012

The Board of Directors of Dhofar International Development &Investment Holding SAOG (DIDIH) in meeting held at 1.00 PM on Sunday 17th February , 2013 , proposed a cash dividend of 30% i.e Thirty Baisa per share (par value 100 Baisa) for the year ended 31st December,  2012 subject to the approval of shareholders at the Annual General Meeting  to be held on Tuesday 26th March , 2013 .

INITIAL ANNUAL UNAUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31st DECEMBER 2012
INITIAL ANNUAL UNAUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31st DECEMBER 2012.
 
In compliance with Articles (3) of Disclosure of Financial Statements. Dhofar International Development & Investment Holding SAOG is pleased to report its initial unaudited financial results for the year ended 31st December 2012 as under:
 
 
Parent     R.O
Consolidated     R.O
Unaudited
2012
Audited
 2011
Unaudited
2012
Audited 
2011
Total Income
5,182,004
4,815,106
15,348,921
3,601,700
Total Expenses
(3,632,944)
(2,385,007)
(4,173,051)
(2,418,529)
Impairment of available for sale financial assets
(106,591)
(109,122)
(106,591)
(109,122)
Impairment of associate
---
(1,397,000)
(859,402)
----
Net profit for the year
1,442,469
923,977
10,209,877
1,074,049
Minority interest
----
----
12,273
20,824
Profit attributable to equity holders of Parent Company
1,442,469
923,977
10,222,150
1,094,873
Total Assets
205,966,713
238,146,688
173,878,575
161,074,469
Net assets per share
0.616
0.772
0.413
0.385
Basic earning per share
0.007
0.005
0.051
0.005
 
NOTE :
1-      Comparatives for 2011 are extracts from the audited results.
2-      Group results incorporate the unaudited results of subsidiaries and associates . These results are subject to subsidiaries and associates Boards’ ( and in certain case the regulator’s ) approval.
3-      Audited Group and Parent Company financial statements will be submitted in compliance with the current regulations.
These results are subject to audit by the Company’s external statutory auditors and review and approval by DIDIH’S Audit Committee and Board of Directors.