Mubasher: The ordinary general meeting (OGM) of Ezdan Holding Group on Sunday approved the recommendation of distributing 5% of the capital or 50 dirhams per share as a cash dividend for fiscal year 2016, according to a bourse statement issued on Monday.

In early March, the board recommended distributing cash dividends of 50 dirhams per share for the fiscal 2016.

The company’s profits rose to QAR 1.81 billion in FY16, compared to QAR 1.66 billion in 2015.