Doha-Mubasher: The ordinary general meeting (OGM) of Mazaya Qatar Real Estate Development will be convened on 20 April to review the board’s recommendation to distribute a cash dividend of 3% (QAR 0.3 per share), in addition to a 5% bonus share in the ratio of 5:100.
The company will held the extraordinary general meeting (EGM) on the same day to discuss the capital increase through bonus shares to reach QAR 1.050 billion, distributed on 105 million shares.
The meetings will be postponed to 27 April in case of incomplete quorum.
The company reported a profit rise to QAR 169 million ($46.38 million) in the fiscal year 2014, compared to QAR 134 million ($36.77 million) in FY13.
