09-09-2024
Qatar Electricity & Water Co. announces the results of the EGM. The meeting was held on 08/09/2024 and the following resolution were approved
1. Approved the Board of Directors’ proposal for distribution of interim cash dividends for the period ended 30/06/2024 at QR 0.25 per share, equivalent to 25% of the nominal value. These interim dividends shall be entitled for the shareholder at the end of the trading session on the day of the Extraordinary General Assembly meeting.
2. Approved the proposed certain amendments of the Company’s Articles of Association, in accordance with Qatar Financial Markets Authority’s Board Decision No. (7) of 2023 Concerning Rules of Dividend Distribution in Shareholding Companies Listed on the Financial Markets, and provision of Commercial Companies law No. (11) of the year 2015 and its amendments. Authorizing his Excellency the Chairman of the Board of Directors to take all the necessary measures with the Authorities Competent.
The company wishes to inform that, in accordance with Qatar Financial Market Authority Board of Directors Decision No. 7 of the year 2023 Concerning Rules of Dividend Distribution in Shareholding Companies listed on the Financial Markets, QEWC will transfer the interim dividend amount as ratified to Edaa for distribution among eligible shareholders.
Shareholders are kindly requested to contact Edaa for any clarification relating to dividend distribution.