ORC AGM Meeting
Date
Posted :
Sunday, March 30, 2008
Source
: ORC
The Annual General Meeting of Oman Refreshment Company held on 23rd March 2008, at Grand Hyatt Hotel, Muscat, has unanimously approved the distribution of Cash dividend of 40% (400 Bzs per share) and Stock dividend of 20% (issue of Bonus shares at the rate of 1 share for every 5 shares held) to the ORC Shareholders which resulted in increasing the Company's Shares from 2.5 Million Shares to 3.0 Million Shares
ORC is going live with Handheld system for Sales and Distribution operation in order to enhance the quality operation and delivery through technology. The introduction of handheld computers and system from Intermec and Mirnah Technologies will help the company considerably. Equipping fleet personnel with HHT terminals and making them log all sales information electronically will benefit ORC to buildup more accurate records of what customers are buying and when. It will help improving the Business Process, Sales Efficiency, Shipping and Delivery planning, Production and Inventory management.
