Mubasher: Zad Holding Group announced the beginning of distributing cash dividends to the shareholders on Wednesday 11 April for the year ended 31 December 2017.

In March, the Qatar-based company noted that its board had approved distributing a cash dividend of QAR 6.5 per share, representing 65% of the share’s nominal value, according to a statement to the Qatar Stock Exchange (QSE).

For the full-year ended 2017, the company’s profits hiked 18.3% to QAR 198.30 million from QAR 167.61 million a year earlier.

By 11:40 am Qatar time, Zad’s stock inched down 0.06% at QAR 82.50.