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Article: Qatar Salam Intl to pay 12.5% dividend for 2008.
- Article from:
- ADP News Middle East & Africa
- Article date:
- March 4, 2009
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(ADP News) - March 4, 2009 - The board of directors of Qatar's Salam International Investment Company (DOH:SIIS) (Salam International) will recommend a 12.5% dividend, of which half will be given cash and half - via bonus shares, al-Sharq daily reported today.
The bonus shares will be distributed at a ratio of one share per each 16 held.
The company achieved a net profit of QAR 153.9 million (USD 42.3m/EUR 33.8m) in 2008.
Salam International decided not to depreciate its assets according to the market prices, but to keep them at their bookkeeping level. Among other approved measures was a deleveraging process and restriction of the company's ...