Milaha approves proposed dividend
29/03/2014 12:03 pm EDT


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Qatar Navigation (Milaha) has ratified the recommendation by the board of directors to distribute a cash dividend of 50% of the nominal share value, equivalent to QR5 per share, the Peninsula has reported. Milaha made a full-2013 net profit of QR950m, up 14% over the previous year. “2013 was an excellent year for Milaha financially,” said Milaha chairman, Sheikh Ali bin Jassim bin Mohammad Al Thani. “We were aided by strong market growth in Qatar, as well as significantly improved performance in a number of our core business areas.”

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