Mubasher: Qatar Industrial Manufacturing (QIMC) on Monday announced that the ordinary general assembly approved distributing a cash dividend of 30% or QAR 3 per share for 2017.
The assembly also approved the company’s future plans, according to QIMC’s statement to the Qatar Stock Exchange (QSE).
Moreover, the extraordinary general assembly authorized the board to handle the company’s acquisitions, as the volume of investments of the company’s total assets does not exceed 2.5% upon the approval of the relevant regulatory authorities.
Over the full year 2017, the QSE-listed firm's profits rose 6.3% to QAR 206.18 million from QAR 193.88 million in 2016.
