Dlala Announces QR 14.371 Million net profit and Recommends 5% As cash dividend
4/26/2007
the board recommended to the forthcoming Dlala’s Annual General Assembly the distribution of QR 10m (Ten Million Qatari Riyal) as cash dividend
The Board of Directors of Dlala Brokerage & Investment Holding Company (DBIS) held a meeting on 25/02/2007 at 18:00 pm to discuss and approve the Company’s 2006 financial results.
The meeting that was headed by Dlala’s Chairman H.E. Hamad bin Abdullah Al-Attiyah discussed the financial reports for the first financial year of the company from 24/05/2005 to 31/12/2006.
During the meeting, the board approved to hold the company’s annual general meeting (AGM) on April 11, 2007 and to send the invitations together with a copy of the financial statements to shareholders on March 25, 2007.
After the meeting H.E. Hamad bin Abdullah Al-Attiyah said that Dlala had achieved good results in its first year of operations and the net profit for the period ending on December 31, 2006 was QR 14,371,033 (Qatari Riyal fourteen million three hundred seventy one thousand and thirty three ) and its earnings per share amounted to QR 0.72. Al-Attiyah Added that the company’s feasibility study expected net profit for the first year of operations to be 12.5 million.
Al-Attiyah also pointed out that the board recommended to the forthcoming Dlala’s Annual General Assembly the distribution of QR 10m (Ten Million Qatari Riyal) as cash dividend (amounting to 5% of capital) to its shareholders.
Dlala’s Chairman asserted that the company is taking confident steps to position itself as the leading brokerage and financial services firm in Qatar and will continue the efforts in improving its services for the benefit of the costumers.