By: Eslam Salem
Doha – Mubasher: Barwa Real Estate Company’s shareholders approved a proposal by the board of directors to distribute cash dividends at 22% of the capital, equivalent to QAR 2.2 ($0.60) per share, for the fiscal year 2015, totalling QAR 856 million ($235.116 million), the same of 2014.
During their ordinary general meeting (OGM) yesterday, shareholders also adopted also adopted the balance sheet and profit and loss account of the last fiscal year.
Barwa’s annual profit rose 10% to QAR 3.07 ($843.233 million) billion in 2015, versus QAR 2.79 billion ($766.326 million) in 2014.
The Qatar listed company’s stock closed yesterday’s trading with a rise of 0.13% to QAR 37.67 ($10.35).
Translated by: Elwy el-Manzalawy
