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Industries Qatar to distribute QAR 7/shr dividends for 2018 – QNB

Industries Qatar to distribute QAR 7/shr dividends for 2018 – QNB
Industries Qatar has a robust liquidity that supports the increase in dividends to QAR 12.1bn
QNB
QNBK
0.00% 14.21 0.00
Industries Qatar
IQCD
-0.33% 11.95 -0.04

Mubasher: Qatar National Bank (QNB) Financial Services expected Industries Qatar to distribute a cash dividend of QAR 7 per share for the full-year 2018, according to a statement on Monday.

The Qatari producer of petrochemicals, metals, and fertilisers has a robust liquidity that supports the increase in dividends to QAR 12.1 billion.

The brokerage arm of the region's largest lender remained the firm’s price target at QAR 124, down 10% of the stock’s price of QAR 140.

It is worth noting that Industries Qatar’s profits hiked 62% year-on-year to QAR 3.8 billion during the first nine months of 2018.

By the end of Monday’s session, Industries Qatar’s stock declined 0.29% at QAR 140.01.