Muhsin Abdul Majeed Raja is the Group CFO at Asyad, the leading Omani integrated logistics provider in the Middle East region. With over 15 years of experience, Muhsin is an established finance professional focusing on sustainable value and financial excellence. He successfully operates and develops financial processes and systems and manages corporate financing, hedging and liquidity needs. Prior to joining Asyad, he served as the General Manager of Treasury at Oman Shipping Company since 2018, following a tenure in Dubai as the Treasury Manager of Oman Trading International. Prior to that worked in various roles for DP World, which included a two-year stint at DPW’s European regional office in London. Muhsin holds a degree in Accounting from Sultan Qaboos University and is also a qualified CMA and ACT accountant and treasurer.
The Company proposes to pay yearly dividends, subject to debt repayments and covenants, working capital requirements, operational expenditure obligations, growth plans and the necessary approvals.
In 2023, the Company intends to pay a dividend of OMR 15.4 million for the year ended 31 December 2022, or Bzs 20 per share.
In 2024, the Company intends to pay a dividend which is the higher of 85 per cent. of net profit for 2023 or a six per cent increase on the dividend paid in 2023.
In 2025, the Company intends to pay a dividend which is the higher of 85 per cent of net profit for 2024 or a six per cent increase on the dividend paid in 2024.