Al Qudra Achieves profits of 104 Million Dirhams in 2014 and recommends 7% cash dividend
During its Annual General Assembly Meeting, Al Qudra Holding announced profitability for the third consecutive year, with net profits increasing from AED 63 Million in 2013 to AED 104 Million in 2014.
This improvement is reflected in the net earnings per share rising from 10.8 fils in 2013 to 17.6 fils in 2014 indicating an overall increase of 63% the meeting was attended by the board of directors, chaired by His Excellency Mohammed Bin Thaaloob Al Darei and Vice- Chairman Mr. Khalifa Yousef Khouri. Furthermore, the Board of Directors recommended 7% cash dividend to the shareholders, following the strong financial results. Last year the shareholders had received 5% cash dividend.