The Board of OM Holdings Limited announced that the Company has formalised a dividend policy which will be effective from the financial year ending 31 December 2023. The Company will endeavour to maintain an annual dividend payout of between 10% to 30% of its net profit after tax attributable to owners, subject to a cap of 50% of Free Cash Flow, and other considerations. The actual dividend declared, as may be determined by the Board of Directors, takes into consideration the following factors, including amongst others: The recognition of NPAT and availability of cash for distribution; Any banking or other funding requirements by which the Company is bound to from time to time; A sustainable debt level of not more than 0.80 times Total Debt to Equity Ratio; The future operating and investment needs of the Company; The anticipated future growth and earnings of the Company; Emerging trends in dividend payouts in the industry; and Any relevant applicable laws, including the Company's Bye-laws.