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Aamal to discuss 2016 dividends 17 April

Aamal to discuss 2016 dividends 17 April
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Aamal
AHCS
0.60% 0.83 0.01

Doha – Mubasher: The general assembly of Aamal Company will discuss on 17 April the distribution of cash dividends for 2016.

The company would distribute 6% of the share’s nominal value at QAR 0.6 per share as cash dividends.

In case of a lack of quorum, the general assembly will be held on 24 April, according to a bourse filing on Wednesday.

The assembly will also consider the financial statements ended on 31 December, 2016.

In 2016, profits fell 23.1% to QAR 462.3 million from QAR 601 million in 2015.

The company's capital amounts to QAR 6.3 billion, distributed over 630 million shares at a nominal value of QAR 10 per share.

The stock ended Wednesday stable at QAR 14.5.