Doha – Mubasher: The Gulf Warehousing Company’s ordinary general meeting (OGM) approved on Sunday a proposal to distribute cash dividends at 15% of the share’s par value, equivalent to QAR 1.50 per share, and raising the ceiling on its foreign ownership to 49% from 25%.
The OGM also adopted the balance sheet and the profit and loss account for the fiscal year 2015.
The Qatar listed company earlier reported a rise of 32% in its annual profit in 2015 as it reached QAR 185 million, versus QAR 140 million in 2014.
Earnings per share rose to QAR 3.89 last year from QAR 2.95 million in 2014.
