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National Leasing sets mid-Feb for OGM

National Leasing sets mid-Feb for OGM
Photo credit: Arabianeye - Reuters
Al Ijarah Holding
NLCS
-0.27% 0.74 -0.00

Doha – Mubasher: National Leasing Holding Company announced on Sunday that its ordinary general meeting (OGM) will be held on 14 February.

The company said that it will look into the board’s proposal to pay OMR 0.50 per share as 5% cash dividends.

The balance sheet, and profit and losses for the fiscal year ended December 2015 will be discussed as part of the meeting agenda which also includes the governance report and the appointment of an auditor for the 2016 financials.

The company’s share rose 4% to OMR 12.17, with a trading volume of 1.5 million shares exchanged at OMR 127,400.

Earlier in 2015, the company’s OGM approved 8.5% cash dividends or 85 dirhams per share.