Mubasher: Vodafone Qatar on Tuesday announced that its ordinary and extraordinary general meetings approved trimming the company’s capital by 50%.
The capital will be reduced to QAR 4.23 billion from QAR 8.45 billion through cutting the nominal value of the company’s shares to QAR 5 per share from QAR 10, according to the company’s statement to the Qatar Stock Exchange (QSE).
The company's board also approved the decision to not distribute dividends for the nine months ended 31 December 2017.
Vodafone’s losses slid 32.3% to QAR 182.2 million for the first nine months of 2017, compared to QAR 269.2 million in the same period the year before.
