The Board of Directors has recommended dividend distribution of Dh10 per share, QIG chairman Abdulla Nasser al-Misnad said at the company's ordinary general assembly meeting
Qatari Investors Group posted a net profit of QR188.1mn last year, which resulted in a net profit margin of 27.2% during 2021, QIG chairman Abdulla Nasser al-Misnad said at the company's ordinary general assembly meeting here.
Before deducting interest, taxes, depreciation and amortisation, the company made a profit of QR291.2mn in 2021.
Qatari Investors Group’s operating activities, he said have achieved cash liquidity of QR424mn and total assets amounted to QR4.72bn as of December 31, 2021, he said.
Al-Misnad’s speech was delivered on his behalf by Dany Chrabieh, QIG board member.
He said, “By taking the company’s track record during 2021 into consideration, we can deduce the basis that helped form the company’s belief during the previous year and the years before, in which the successive boards of directors succeeded in directing and leading the executive management to maintain the company’s plans for continuity and sustainability. These are done in a way that guaranteed the achievement of reasonable profits for the company and the shareholders even during difficult economic periods, which crystallises the real achievement of the group.
“Diversifying sources of income by investing in many sectors, especially the industrial, logistical and security sectors, has resulted in a number of investments that achieved a balance in the overall revenue in a manner in which each sector of investment supports the other, and even compensates for any potential stagnation.
“The success of this strategy over the past years is what encourages us to continue to be committed and support diversification in investment during 2022 to make more achievements that benefit the company and shareholders and make us play a role in supporting Qatar's economic vision.”
Al-Misnad noted the board of directors also worked closely with members of the executive management to monitor the company’s performance in relation to the corporate governance code of listed companies and its role in adding value and effectiveness to policies and procedures.
Accordingly, a governance committee was formed within the company’s administrative system in order to conduct a comprehensive assessment of all the group’s tiers to identify any potential gaps and provide recommendations for developing internal policies. The committee will remain active to ensure that the expected standards are maintained.
Qatari Investors Group’s results have been included in the audited financial statements and the corresponding disclosures. The group seeks to achieve a balance to be able to finance its growth and strategy while maintaining the necessary levels of liquidity.
Accordingly, the board of directors has recommended a dividend distribution of Dh10 per share.
“The goals of the group during the year 2022 are based on achieving further development to realise customer and investor satisfaction and build our strategic partners trust in us,” al-Misnad noted.
Before deducting interest, taxes, depreciation and amortisation, the company made a profit of QR291.2mn in 2021.
Qatari Investors Group’s operating activities, he said have achieved cash liquidity of QR424mn and total assets amounted to QR4.72bn as of December 31, 2021, he said.
Al-Misnad’s speech was delivered on his behalf by Dany Chrabieh, QIG board member.
He said, “By taking the company’s track record during 2021 into consideration, we can deduce the basis that helped form the company’s belief during the previous year and the years before, in which the successive boards of directors succeeded in directing and leading the executive management to maintain the company’s plans for continuity and sustainability. These are done in a way that guaranteed the achievement of reasonable profits for the company and the shareholders even during difficult economic periods, which crystallises the real achievement of the group.
“Diversifying sources of income by investing in many sectors, especially the industrial, logistical and security sectors, has resulted in a number of investments that achieved a balance in the overall revenue in a manner in which each sector of investment supports the other, and even compensates for any potential stagnation.
“The success of this strategy over the past years is what encourages us to continue to be committed and support diversification in investment during 2022 to make more achievements that benefit the company and shareholders and make us play a role in supporting Qatar's economic vision.”
Al-Misnad noted the board of directors also worked closely with members of the executive management to monitor the company’s performance in relation to the corporate governance code of listed companies and its role in adding value and effectiveness to policies and procedures.
Accordingly, a governance committee was formed within the company’s administrative system in order to conduct a comprehensive assessment of all the group’s tiers to identify any potential gaps and provide recommendations for developing internal policies. The committee will remain active to ensure that the expected standards are maintained.
Qatari Investors Group’s results have been included in the audited financial statements and the corresponding disclosures. The group seeks to achieve a balance to be able to finance its growth and strategy while maintaining the necessary levels of liquidity.
Accordingly, the board of directors has recommended a dividend distribution of Dh10 per share.
“The goals of the group during the year 2022 are based on achieving further development to realise customer and investor satisfaction and build our strategic partners trust in us,” al-Misnad noted.