Doha – Mubasher: Qatar Fuel (Woqod) on Monday announced that its shareholders approved a cash dividend, as well as a bonus share distribution for fiscal year 2016.

The company’s general meeting nodded to a cash dividend of QAR 7 per share, representing 70% of the nominal value of its stock, as well as a bonus share distribution of 9%, or around 9 shares for every 100 owned by shareholders for 2016.

Woqod reported a net profit of QAR 975.02 million for 2016, down 15.2% from QAR 1.15 billion in 2015.

The Qatari-listed fuel company previously distributed 82% cash dividends and 8% in bonus shares for 2015.

Qatar Fuel’s statement also said that four board members have been elected and that the extraordinary general meeting (EGM) had been moved to 5 April.