Doha: For the second consecutive year, Qatar National Bank (QNB), the largest financial institution in the MENA region, was appointed the official Dividend Distribution Agent for Gulf International Services (GIS), a public shareholding company listed on the Qatar Exchange (QE) and the biggest group specialising in services in Qatar.
QNB will provide GIS with dividend distribution, dividend account administration and other administrative support services to ensure shareholders have easier and more efficient access to their earned dividends.
GIS recently disclosed its 2012 financial results reporting QR464.3m in net profit for the year ended December 31, 2012,. The Board of Directors also recommended dividend payout per share of QR1.5, representing 15 percent of nominal value. GIS held its Annual General Assembly meeting yesterday. Through QNB’s Dividend Distribution Service, shareholders will be able to receive their dividends when visiting any QNB branch if their profits are less than QR100,000.
For profits more than QR100,000 shareholders are requested to visit QNB dividend centre located at Qatar Sports Club, West Bay. Dividend payments can also be transferred directly into QNB accounts, local bank accounts, and international bank accounts. Shareholders can register by providing QNB with their shareholder number, ID card, or power of attorney by a custodian in the absence of the shareholder. The Peninsula
