Gulf International Services Co. (GIS) announced that its Board of Directors has recommended a cash dividend distribution for the financial period ended December 31st, 2014 of QAR 1022.12 million, which is equivalent to QAR5.5 per share, representing a growth percentage of 243.7% compared to the previous distribution amount of QAR297.34 million.

The company noted ,in a bourse statement ,that these dividends were recommended based on the liquidity available to the group companies taking into consideration last year’s increase in the  number of shares due to the distribution of 25% as bonus shares. 

Meanwhile, GIS pointed out that a full disclosure of the financial statements of the aforementioned financial period will be provided as soon as the financials have been consolidated and the audit process is completed.

The company affirmed that its business isn't affected by the decrease in oil prices since the company’s activities are based on fixed rates in the contracts averaging 3 to 5 years.