Mubasher: Widam Food Company on Monday announced that its shareholders had approved raising the cash dividends proposed for the fiscal year 2018 during an ordinary general meeting (OGM) held the previous day.
Widam’s OGM increased the dividend payout to 45% of the share’s nominal value, or QAR 4.5 per share, from the proposed 30%, according to the company’s statement to the Qatar Stock Exchange (QSE).
In addition, the Qatari firm’s OGM elected the board members for the coming term from 2019 to 2021.
Widam’s profits edged 0.3% higher to QAR 108.39 million in 2018, against QAR 108.08 million in the prior year.
By 11:12 am Qatar time, Widam’s stock rose 4.97% to QAR 74.
