Mubasher: Qatar Aluminium Manufacturing (QAMCO) on Thursday announced approving an interim cash dividend distribution concurrently with the disclosure of financial results for the first quarter of 2019 during an ordinary general meeting (OGM) held on the previous day.
The Qatari firm’s extraordinary general meeting (EGM) approved amending its first fiscal year to be from its establishment date to 31 December, stretching over 13 months, QAMCO said in a statement to the Qatar Stock Exchange (QSE).
In addition, the Qatari firm's EGM also approved the split of the share’s nominal value to QAR 1, from QAR 10.
QAMCO obtained approval from the Ministry of Commerce and Industry to amend its articles of association to have its first fiscal year end on 31 December, making its 2019 a 13-month fiscal year.
Therefore, the Qatar-listed firm’s first financial report will be for four months ending 31 March and its announcement will be issued in April.
QAMCO’s board of directors previously announced that it would declare an interim dividend for the six-month period from 1 July 2018 to 31 December 2018.
It is noteworthy that trading on the shares of QAMCO started in December 2018, raising the number of listed companies on the QSE to 46.
By 11:19 am Qatar time, QAMCO’s stock fell 1.33% to QAR 11.16.
