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FROM LEFT: Ali Youssef Kamal, Saad Nasser Al Muneefi, Saad Ibrahim Abd El Latif Al Muhannadi, Rashed Fahad Al Naimi, Chairman of Mazaya, Rashid Yaqoub Al Nafisi, Abdullah Ali Al Kuwari, Vice Chairman of Mazaya, Dr Ali Al Qaradaghii, and Siraj Salah Al Bakri at the meeting. Kammutty VP
DOHA: Mazaya Real Estate Development Company’s general assembly meeting has approved its board of directors recommendation to distribute 6 percent dividend per share to its shareholders.
This decision of distributing 3.6 dirhams of the share’s par value of 60 dirhams, among many other, was taken at its Ordinary General Assembly Meeting held here Monday at the Qatar National Convention Centre, a Qatar Exchange (QE) notification said yesterday.
The QE listed company approved its financial report for the year ended December 31, 2012.
In February the company had announced audited net profit of QR63m for 2012, an increase by 28.57 percent over QR49m achieved in 2011. The real estate company’s Earnings Per Share amount increased to QR0.63 for 2012 compared to QR 0.49 in 2011.