By: Eslam Salem
Doha – Mubasher: Qatar National Cement’s shareholders approved in the company’s ordinary general meeting (OGM) on Monday a proposal to distribute cash dividends at 40% or QAR 4 per share, and bonus shares at 10% or one share for each ten shares.
The OGM also adopted the balance sheet and the profit and loss account for the fiscal year 2015.
Qatar Cement’s profit rose to QAR 463.5 million in 2015 from QAR 420.3 million in 2014. Earnings per share also increased to QAR 8.58 from QAR 7.78.
The company’s chairman and managing director, Salem Al Naimi, attributed the rise in annual profit to the increasing revenues from cement sales, washed sand and calcium carbonate.
Translated by: Elwy el-Manzalawy
