Doha – Mubasher: Qatari telecom operator Ooredoo announced on Sunday that its ordinary general meeting (OGM) will decide on distributing cash dividends at 30% of the capital or QAR 3 ($.82) per share for the fiscal year 2015.
The company’s shareholders earlier agreed to distribute cash dividends at 40% of the share’s par value, equivalent to QAR 4 ($1.10) per share, for the fiscal year 2014.
The financial statements for last year is another agenda topic which will be discussed on 27 March in the OGM.
Ooredoo’s net profit reached QAR 359.5 million ($98.75 million) in the fourth quarter of 2015, versus QAR 55.3 million ($15.1 million) in the same period of 2014, according to the company’s financial statements.
The Qatar-listed company’s stock dropped today by 0.23% to QAR 83.4 ($22.91).
