Doha-Mubasher: The ordinary general meeting (OGM) of Qatar Navigation (Milaha) gave the go-ahead to distribute a cash dividend representing 55% of the nominal value (QAR 5.50 per share) through the branches of Qatar National Bank as of 24 March.
OGM also ratified on 18 March the company’s audited financial results for the fiscal year 2014.
The meeting also approved the amendments to the Statute’s articles to raise the maximum limit of foreign ownership in the company’s equity to 49%.
Milaha Chairman Ali bin Jassim Al Thani noted that 2014 was an excellent year for the company as it posted a profit rise by 5.3% to QAR 1 billion in FY14, compared to QAR 950 million in 2013.
