Mubasher: Al Meera Consumer Goods announced that its shareholders had approved distributing a cash dividend of 85% of the share’s nominal value, or QAR 8.5 per share, with a total value of QAR 170 million for 2018 during an ordinary general meeting (OGM).

The Qatari firm’s sales rose 4.7% to QAR 3 billion in 2018, from QAR 2.8 billion in the prior year, while gross shops rental income increased 9.1% to QAR 75.8 million, against QAR 69.5 million, Al Meera said in a statement to the Qatar Stock Exchange (QSE) on Monday.

Meanwhile, Al Meera’s operating income rose 4.1% year-on-year to QAR 586.7 million last year, the statement added.

The company’s OGM named Abdullah Al-Subaie as its chairman, who, together with board member Ali Al-Kuwari, represents Qatar Holding's 27.65% stake in Al Meera.

For the full-year 2018, the Qatari firm’s profits dropped 6% to QAR 182.39 million, against QAR 194.04 million in the prior year.

By 12:16 pm Qatar time, Al Meera’s stock fell 5.24% to QAR 147.24.