Mubasher: Qatar Navigation (Milaha) on Monday announced that its general assembly approved distributing cash dividends of 35% of the nominal share value, equalling QAR 3.5 per share.

Dividends distribution will take place by 1 April 2018 through all branches of Qatar National Bank (QNB), according to the company’s statement to the Qatar Stock Exchange (QSE).

Milaha’s profits slid 34% to QAR 469.83 million over the year ended 31 December 2017, compared to QAR 711.46 million in the prior year.