Mubasher: The ordinary general meeting (OGM) of Industries Qatar on Tuesday approved the distribution of QAR 6 per share in cash dividends, which accounts for 60% of the stock’s par value.

In February, Industries Qatar reported a 52% profit increase for the year ended 31 December 2018, driven by increased product prices and sales volumes.

The Qatari firm’s profits rose to QAR 5.03 billion in 2018, compared to QAR 3.31 billion in the prior year.

Earnings per share (EPS) registered QAR 8.31 last year, against QAR 5.48 in 2017.