Mubasher: Gulf Warehousing’s ordinary general meeting (OGM) agreed on the board’s proposal to distribute cash dividends of QAR 1.6 per share (16% of the share’s nominal value) for the fiscal year 2016, totaling QAR 93.76 million, according to a bourse filing.

The company earlier posted a net profit of QAR 205.67 million for the fiscal year 2016, 10.8% up from QAR 185.16 million for fiscal 2015.