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  • Writer's pictureTeam CargoTalk

GWC AGM approves cash dividends at QAR 0.11 per share

Gulf Warehousing Company QPSC (GWC) held its AGM this week. The General Assembly, chaired by Sheikh Abdullah Bin Fahad Bin Jassem Bin Jaber Al Thani, ratified all the items on its agenda, including the approval of cash dividends to shareholders of 11 per cent of the nominal value of the company’s shares—0.11 Qatari Riyals per share.

Apart from announcing the company’s net profit of QAR 215 million for the year ended 2023, Total Revenues of QAR 1.5 billion and total operating profit reached 323 million with an Asset base of 5.2 billion, the AGM approved the Board of Directors’ report on the company’s activities and its financial position.

The assembly also approved distributing rewards to each member based on the evaluation of the board committees. Later, the AGM presented a review of the group’s compliance with the Corporate Governance Code.


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