Doha – Mubasher: Widam Food Company announced on Wednesday that its ordinary general meeting (OGM) will be held on 17 April, totalling QAR 48.6 million ($13.35 million).
The OGM will discuss a proposal by the company’s board of directors to distribute cash dividends at 27% of the capital or QAR 2.7 ($0.74) per share for the fiscal year 2015, according to a bourse filing.
The company earlier paid cash dividends at 25% or QAR 2.5 ($0.69) for the fiscal year 2014.
Widam’s stock declined in today’s trading by 0.57% to QAR 52.88 ($14.52).
