Cinema OKs 10% dividends, raises capital


Doha-Mubasher: Qatar for Cinema and Film Distribution shareholders approved a cash dividend and a bonus share of 10% each for the fiscal year ended December 31, 2014.
The extraordinary general meeting, held on Monday along with the ordinary general meeting, approved the amendments to article 6 of the statute to increase the capital from QAR 54.1 million to QAR 62.81 million through the distribution of 10% stock dividend (1 share for every 10 shares).
The company reported a profit rise by 8% to QAR 12.3 million in 2014, compared to QAR 11.4 million in 2013.

 

Mubasher Contribution Time: 31-Mar-2015 06:04 (GMT)