Kuwait-Mubasher: In a recent report, the National Bank of Kuwait (NBK) cut the fair value (FV) for Qatar National Cement Co (IQ) to reach QAR 127.8 from QAR 140.6, with the recommendation ‘hold’.
The adjusted FV followed the 10% bonus shares approved by the company shareholders, which resulted in increasing the value of shares from QAR 49.1 million to QAR 54 million.
The company reported a slight rise by 3% to QAR 420.3 million in 2014, compared to QAR 433.3 million in 2013.