Gulf Warehousing Company Net Profits Up 9.4% to QAR 249.1 Million

14 January 2020

Gulf Warehousing Company has disclosed its audited financial statements for the year ended 31 December 2019 which reflected net profits of QAR 249.1 million compared to QAR 227.6 million for 2018, an increase of 9.4%. Net profit per share amounted to QAR 0.43 for 2019 compared to QAR 0.39 for 2018.

The budget of 2020 which was approved by the Board of Directors amounted QAR 260.4 million.

The Board of Directors will recommend to the shareholders’ next AGM the distribution of QAR 0.20 dividends per share, 20% of 2019 net profits. The company has announced earlier the holding of its shareholders’ AGM to be on Monday, 3 February 2020 at 6:00pm in Marsa Malaz Kempinski Hotel, The Pearl, Hall of Venice for the ratification of 2019 financials. In case AGM quorum is not attained, an alternative meeting is scheduled to take place on Monday, 10 February 2020 the same place and time.