Al Meera’s OGM to discuss 90% cash dividends 28 March

Doha – Mubasher: Al Meera Consumer Goods Company set 28 March for its ordinary general meeting (OGM) to discuss paying cash dividends at 90% of the share’s par value for the fiscal year 2015.

The same payout, which is equivalent to QAR 9 ($2.47) per share, has been issued for fiscal year 2014, according to a bourse filing released on Wednesday.

The company’s profits declined in the fourth quarter of 2015 by 61.5% to QAR 25.2 million ($6.920 million) from QAR 65.5 million ($17.850 million) in the same period of 2014.

The Qatar-listed company’s share rose 2.29% to QAR 210 ($57.67) in today’s early trading. 

Mubasher Contribution Time: 02-Mar-2016 07:38 (GMT)