Doha – Mubasher: Qatar General Insurance and Reinsurance Company (QGIR) said in a statement that it set 15 March for its ordinary general meeting (OGM) to resolve the distribution of cash dividends at 15% of the share’s par value (QAR 1.5 per share) and 10% bonus share.
The Tuesday statement added, however, that the OGM’s consideration of those proposals can only follow a decision by the extraordinary general meeting, convening earlier on 15 March, to hike up the capital from QAR 795.52 million to QAR 875.07 million, the OGM will consider
The OGM will also look into a report about the company’s businesses and its financial position in 2015.
In case the quorum is incomplete on 15 March, the meeting will be held a day after.
The Qatar-listed company earlier paid cash dividends at 20% of the share’s par value and 15% bonus shares for the fiscal year 2015, according to the company’s website.
The company’s share rose 0.57% in today’s mid-trading, as 5,500 shares were traded at QAR 287,400.
