Qatar Flour Mills approves 10 percent dividends

Published June 19th, 2001 - 02:00 GMT

The General Assembly of the Qatari Flour Mills Company (QFMC) approved on June 5 the distribution of ten percent dividends to stockholders for the end fiscal year, according to Al-Ddustour daily.  


The assembly rejected a previous proposal by one of the stockholders to decrease the dividend rate from ten to seven percent due to liquidity shortage.  


The importing and milling of wheat and flour, the local distribution and the export of surplus stocks form the core activities of the company, founded in 1969. QFMC operated, until recently, a mill in Messaieed Industrial city. A large new mill in Doha City, located near the Port area, has recently been built, with a production capacity of 500 tons/hour. ― (MENA Report)

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