Widam Food’s shareholders approve 27% dividends

Doha-Mubasher: Widam Food’s ordinary general meeting agreed on Sunday to pay 27% or QAR 2.7per share as cash dividends of the capital for the fiscal year 2015, according to an issued statement.

During FY15, the Qatari firm achieved a 26.3% growth in profits to QAR 69.1 million ($18.98 million) as compared to QAR 54.7 million ($15.02 million) in FY14.

On the stock market’s level, Widam fell by 3.88% to QAR 59.5 after about 4,800 shares were exchanged with avalue worth QAR 273,000.

 

Mubasher Contribution Time: 18-Apr-2016 08:30 (GMT)
Mubasher Last Update Time: 18-Apr-2016 08:30 (GMT)