By Islam Salem
Doha-Mubasher: Mesaieed Petrochemical Holding will continue rationalising its spending this year amid a decline in oil prices, said CEO Khalid Al-Subaey.
On the sidelines of the general meeting held on Wednesday, Al-Subaey said Qatar Chemical Co. (Q-Chem) which is the main supporter of his company rationalised its spending by QAR 100 million in 2015 and will continue with its rationalisation policy.
The general meeting gave the green light for the distribution of cash dividends at 7% of capital, or QAR 0.70 a share.
FY15 earnings grew 1% to QAR 1.09 billion, compared with QAR 1.08 billion a year earlier.
Translated by Abdul Maguid Aboshahla
