His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, president and CEO of QatarEnergy, chairman of QEWC Board of Directors. headed the Extraordinary General Assembly meeting held on September 8, 2024. The shareholders approved the distribution of interim cash dividends for 2024 amounting to QAR 0.25 per share, equivalent to 25% of the nominal value. Dividend Eligibility date as at the end of the trading session on the day of the Extraordinary General Assembly meeting on September 8, 2024.
Also, Shareholders approved the amendment of QEWC Articles of Association and authorized the Board of Directors to distribute interim dividends, during the year when it is justified by sufficient distributable profits of the company in accordance with the Qatar Financial Markets Authority and the provisions of the Commercial Companies Law and its amendments.
The company wishes to inform that, in accordance with Qatar Financial Market Authority Board of Directors Decision No. (7) of 2023 Concerning Rules of Dividend Distribution in Shareholding Companies listed on the Financial Markets, QEWC will transfer the interim dividend amount as ratified to Edaa for distribution among eligible shareholders.
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For further information relating to dividend distribution, shareholders are kindly requested to contact Edaa.