By Islam Salem
Doha-Mubasher: Qatari Investors said its subsidiary Gulf Cement plans to expand in the local market this year to boost its market share to 80% from 50%.
On the sidelines of the general meeting held on Sunday, Qatari Investors Chairman Abdullah Al-Misnad said its hotel project at Lucille area will be completed in 2016 and the business office project will last 24 months.
Al-Misnad ruled out that Ezdna and its subsidiaries have acquired 20% of his company.
Qatari Investors shareholders approved the board's proposal for the distribution of cash dividends for 2015 at 12.5% of the stock's par value or QAR 1.25 a share.
FY15 net earnings reached QAR 251.9 million ($69.10 million), compared with QAR 227.1 million ($62.30 million) a year earlier.
Translated by Abdul Maguid Aboshahla
