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CBQ shareholders okay dividends with bonus shares of 20 per cent

: Monday, March 17 - 2014 @ 15:42

The Qatar Exchange 20 Index closed 0.62 per cent higher at 11,401.65 points on Monday, March 17. The shares of Commercial Bank of Qatar (CBQ) closed flat at QAR75.50. Earlier in the day, the lender said the annual general assembly approved the board of directors’ recommendation to distribute a cash dividend of 20 per cent of the share’s nominal value to the shareholders for 2013, ie QAR2 for each share held and bonus shares of 20 per cent (one share for every five held). The extraordinary assembly approved the increase in the lender’s capital by 20 per cent from QAR2.5 billion ($650m) to QAR2.96bn ($770m) by issuing bonus shares to the shareholders on the basis of one new share for every five shares held.

Gérard Al-Fil

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Monday, March 17- 2014 @ 15:42 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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