The management of the Phoenix Power Company SAOG on behalf of the Board of Directors of the Company advises the Capital Market Authority, the Muscat Stock Exchange and the investors' community that in accordance with the resolutions passed at the Annual General Meeting of the Company on the 17th March 2022 and as resolved by the Board of Directors: "To distribute cash dividend of Baizas 2.00 per share, out of the retained earnings as per the audited financial statements for the financial year ended 31st December 2021 to the shareholders of the Company who are registered in the Company's shareholders' register with the Muscat Clearing & Depository Company SAOC as on 19th January 2023".