Mazaya assembly approves distribution of 6pc dividend

March 12, 2013 - 2:50:46 pm
DOHA: Mazaya Real Estate Development Company's assembly 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 today.

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 QR63 million for 2012, an increase by 28.57 percent over QR49 million achieved in 2011.

The real estate company's Earnings Per Share amount increased to QR 0.63 for 2012 compared to QR 0.49 in 2011. (QNA)