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MarketScreener Homepage  >  Equities  >  DOHA SECURITIES MARKET  >  Qatar National Cement Co.    QNCD   QA0007227687

QATAR NATIONAL CEMENT CO.

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Qatar National Cement : OKs QAR5/shr dividend for 2018

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02/12/2019 | 12:35pm EST

The Qatar-listed company succeeded in producing white cement last year for the first time in Qatar

National CementQNCD

-0.21% 70.85 -0.15

Mubasher: Qatar National Cement announced that the company’s ordinary general meeting (OGM) approved the distribution of 50% of the company's share capital as cash dividend at QAR 5 ($1.37) per share for 2018.

The Qatari firm approved the 2018 financial results, according to the company’s statement to the Qatar Stock Exchange (QSE) on Monday.

The Qatar-listed company succeeded in producing white cement last year for the first time in Qatar in a bid to diversify the company’s products, chairman Salim Bin Butti Al-Nuaimi said in the statement.

The company accomplished many achievements including the initial delivery of all parts of the cement plant no. (5) with a capacity of more than 5,000 tonnes per day, Al-Nuaimi added.

Qatar National Cement’s profit grew 6.4% to QAR 347.83 million ($95.52 million) in 2018, compared to QAR 326.92 million ($89.78 million) in the prior year.

Source: Mubasher

(c) All Rights Reserved - Mubasher Info 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Managers
NameTitle
Salim bin Butti Al-Naimi Chairman & Managing Director
Abdul Salam Head-Finance
Satyanarayan Banjapally Head-Information Technology
Sulaiman Khalid Al-Mana Deputy Chairman
Abdulaziz bin Jassim Al-Thani Director
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