Qatar National Cement gets nod for 60 per cent cash dividend

February 19, 2014 5:05 pm

The QE 20 Index advanced by 1.13 per cent to 11,822.78 points on Wednesday, February 19. Qatar National Bank gained 2.83 per cent, reaching QAR192.50. Qatar National Cement dived by 5.06 per cent to QAR114.40. Earlier in the day, the firm said the annual general meeting (AGM) has approved a distribution of 60 per cent from the company’s share capital as cash dividends. The AGM has released the board members from liability during 2013 and their proposed remuneration has been approved. The corporate governance report for the year 2013 has been approved.

Gérard Al-Fil