Doha-Mubasher: Ezdan Holding Group announced that the Board decided to recommend to the ordinary general meeting (OGM) the amendment of the group’s strategy approved by OGM on 4 April.

The stratedy stipulates the sale of the group’s real estates and the purchase of listed shares or companies under incorporation within five years, in order to diversify the group’s investments.

The statement highlighted that the recommendation will be included in the agenda of the first OGM held by Ezdan.

The Board recommended a cash dividend of 4% (QAR 4 per share), amounting to QAR 1.06 billion ($291.2 million).

The company reported a net profit of QAR 1.3 billion during the fiscal year (FY) 2014, compared to QAR 1.1 billion in FY13, registering a rise by 18.2%.

It is worth mentioning that the company’s capital amounts to QAR 26.5 billion, distributed on QAR 2.65 billion shares.