Mubasher: Mesaieed Petrochemical Holding on Wednesday announced that its shareholders have approved distributing a cash dividend of 8% of the share’s nominal value, or QAR 0.8 per share, with a total value of QAR 1.01 billion for 2018 during an ordinary general meeting (OGM).
Mesaieed’s capital reaches QAR 12.56 billion, distributed over 1.25 billion shares, with a nominal value of QAR 10 per share.
In addition, the Qatari firm’s extraordinary general meeting (EGM) approved the split of the share’s nominal value to QAR 1, from QAR 10 and endorsed the proposed amendments to the articles of association, according to the company’s statement to the Qatar Stock Exchange (QSE).
For the full-year 2018, Mesaieed’s profits rose 28.1% to QAR 1.39 billion, against QAR 1.08 billion in the prior year.
