Doha – Mubasher: Widam Food Company's ordinary general meeting (OGM) approved on Wednesday the distribution of cash dividends of QAR 3.5 per share (35% of the capital) for the fiscal year 2016.

The company's capital amounts to QAR 180 million, distributed over 18 million shares.

The OGM also agreed on the board's report about the firm's activity, financial position in 2016, budget and balance sheet, and the future plan, according to a bourse filing.

By 10:45am Qatari time, the stock led the red shares falling 6.29% to QAR 65.60, posting QAR 1.8 million liquidity through exchanging 26,800 shares.