Doha – Mubasher: The ordinary general meeting (OGM) of Islamic Holding Group approved the distribution of 10% cash dividends for 2016 to the shareholders.

The company will pay QAR 1 per share, with a total of QAR 5.66 million, according to a bourse statement.

The group's capital amounts to QAR 56.64 million, distributed over 5.66 million shares.

The OGM also approved the financial statements of 2016, balance sheet, and governance report, and the appointement of an observer for the 2017 balance.

The company earlier reported a net profit of QAR 4.11 in 2016, compared to QAR 6.11 million in 2015, with a 32.8% decline.