Mubasher: Zad Holding Company (ZHCD) on Thursday revealed that the general assembly approved distributing a cash dividend of QAR 6.5 per share for the year ended 31 December 2017.
The distributed dividends represent 65% of the share's nominal value, according to a filing to the Qatar Stock Exchange (QSE).
The board also increased the bonus share to 10% instead of 5%.
Moreover, the extraordinary general assembly approved raising the company’s capital by 10%, according to the statement.
For the full-year 2017, ZHCD’s profits jumped 18.3% to QAR 198.30 million, up from QAR 167.61 million a year earlier.
By 10:10 am Qatar time, Zad’s stock declined 3.48% at QAR 97.
