Widam Net Profit Rises 18.3% to QR108.08 Million, Recommends Dividends of 42.5%

January 17, 2018

Widam Food disclosed its financial statements for the period ended 31/12/2017, with a net profit of QR108.08 million, up 18.3% compared to QR91.29 million in 2016.

Widam’s earnings per share recorded QR6 for the fiscal year ended 31/12/2017 compared to QR5.07 for the same period last year.

The Company’s Board of Directors recommended distributing 42.5% of the nominal value of the share in cash dividends to shareholders (i.e. QR4.25 per share).