Doha – Mubasher: Qatar Cinema and Film Distribution said its ordinary general meeting (OGM) gave a nod to cash dividends of QAR 1 per share, representing 10% of the nominal share value, for the fiscal year 2016, according to a bourse statement.
Total dividend payout amounted to QAR 6.3 million for FY16.
The company’s capital stood at QAR 62.81 million, distributed on 6.3 million shares.
The shareholders discussed the company’s balance sheet, and profit and loss account for FY16.
During the extraordinary general meeting, the shareholders approved amendments to the company’s article of association by changing the number of board members to seven.
The company’s stock fell 2.14% to QAR 27.50 by 10:25am UAE time, with a turnover of QAR 8,100.
