Nakilat AGM approves 11pc dividend

March 19, 2014 - 10:12:35 am

DOHA: Qatar Gas Transport Company (Nakilat) Annual General Meeting (AGM) approved seven key points including distribution of 11 percent cash dividends or QR 1.10 per share to its shareholders for the fiscal year ended December 31, 2013.

The AGM also ratified the appointment of Deloitte and Touche as external auditor for Nakilat and its subsidiaries/affiliates for the financial year 2014.

It will receive a total fee of QR 549,000, according to a Qatar Exchange notification Wednesday.

The company announced on February 27 an operating profit of QR 756 million and net profit after derivative instruments’ costs of QR 730 million.

Nakilat held its AGM Tuesday at The Four Seasons Hotel here. (QNA)