DOHA: Islamic Holding Group yesterday held its Annual General Assembly and approved all the agenda of the meeting, including the recommendation of the Board of Directors to distribute cash dividends of QR3 per share, 30 percent of its paid up capital.
The meeting, chaired by Yousef Ahmed Al Namah, Chairman of the Board of Directors of the Islamic Holding, discussed the company’s activities and financial position for the year ended December 31, 2014. The meeting also discussed future plan of the company and corporate governance report for 2014.
The group’s net profit in the financial year 2014 amounted to QR16.1m, up 78.9 percent compared to QR9m reported in the previous year (2013). Total earnings per share in 2014 stood at QR4.02 against QR2.26 in 2013.
The meeting also approved the lease contract for the main office with Mackeen Holding company, which is a board member in Islamic Holding Group, and ratified the appointment of auditors for the fiscal year 2014 and their remuneration.The Peninsula
