ID :
159590
Wed, 02/09/2011 - 08:09
Auther :
Shortlink :
https://oananews.org//node/159590
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Qatar Woqod Discloses Financial Results of 2010
Doha (QNA) - Woqod's Board of Directors duly chaired by HE Deputy Premier ad Chief of the Emiri Diwan Abdullah Bin Hamad Al Attiyah who is also Chairman of Woqod's Board of Directors held its meeting here Tuesday to discuss the financial statements of the company achieved during the financial year ended on the 31st of December,2010.
Qoqod's Vice -Chairman and Managing Director Mohamed Turki Al-Sobai said that Woqod's net profit for the year has amounted to Qr.s 1074 million compared to Qr.870 million for the last year ,with an increase amounting to Qr.204 million representing a percentage rate of 23.5%.
The earnings per share for the year 2010 reached app.Qr.31 compared to Qr.25.57 for the year 2009, he said.
Al-Sobai further said that after approving the financial results of the company, the board of directors has passed a recommendation to the general assembly for the distributing cash dividends of Qr.346.5 million , representing 100% of the value of nominal capital , i.e. Qr. 10 per share , in addition to 20% bonus shares.
Consequently the board also decided to increase the maximum limit of share ownership for 13860 shares instead of the previous maximum limit of 11550 shares.
Al-Sobai added that the board has also discussed other issues related to the agenda of the upcoming annual general assembly proposed to be held on 16th March,2011 , and gave its guidance thereto.
Qoqod's Vice -Chairman and Managing Director Mohamed Turki Al-Sobai said that Woqod's net profit for the year has amounted to Qr.s 1074 million compared to Qr.870 million for the last year ,with an increase amounting to Qr.204 million representing a percentage rate of 23.5%.
The earnings per share for the year 2010 reached app.Qr.31 compared to Qr.25.57 for the year 2009, he said.
Al-Sobai further said that after approving the financial results of the company, the board of directors has passed a recommendation to the general assembly for the distributing cash dividends of Qr.346.5 million , representing 100% of the value of nominal capital , i.e. Qr. 10 per share , in addition to 20% bonus shares.
Consequently the board also decided to increase the maximum limit of share ownership for 13860 shares instead of the previous maximum limit of 11550 shares.
Al-Sobai added that the board has also discussed other issues related to the agenda of the upcoming annual general assembly proposed to be held on 16th March,2011 , and gave its guidance thereto.
