QNB appointed official Dividend Distribution Agent for Gulf International Services
- Qatar: Monday, March 18 - 2013 at 15:44
- PRESS RELEASE
For the second consecutive year, Qatar National Bank (QNB), the largest financial institution in the MENA region, was appointed the official Dividend Distribution Agent for Gulf International Services, a public shareholding company listed on the Qatar Exchange and the biggest group specializing in services in Qatar.
Gulf International Services recently disclosed its 2012 financial results reporting QR464.3m in net profit for the year ended December 31, 2012. The Board of Directors also recommended dividend payout per share of QR1.5, representing 15% of nominal value. Gulf International Services held its Annual General Assembly meeting on 18 March 2013.
Through QNB's Dividend Distribution Service, shareholders will be able to receive their dividends when visiting any QNB branch if their profits are less than QR100.000, for profits more than QR100.000 share holders are requested to visit QNB dividend centre located at Qatar Sports Club, West Bay.
Dividend payments can also be transferred directly into QNB accounts, local bank accounts, and international bank accounts for clients who shared their account information with Qatar Exchange.
Shareholders can register by providing QNB with their shareholder number, ID card, or power of attorney by a custodian in the absence of the shareholder.
QNB's dividend distribution service is built on a strong banking relationship with the shareholder, whilst providing the most advanced technological solutions in the market to be able to deliver this added value to shareholders.
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