Sheikh Abdulrahman bin Mohamed bin Jabor Al Thani, Chairman of QIMC
DOHA: The Annual General Assembly of Qatar Industrial Manufacturing Company (QIMC) met here yesterday and has elected the members of the Board of Directors for the next three years. The members are: Sheikh Abdulrahman bin Mohd Jabor Al Thani, Sheikh Rashid bin Awaidha Mohd. Thani Al Thani, Nasser Bin Rashid S Al Kaabi, Saad Mohd. Saad J Al Rumaihi, Abdullah Mohd. Shamsan Al Saada, Abdulmohsen Bin Youssef Al Mana , Abdulla Ali Al Abdulla; and Ahmed Youssef Hussain Kamal(representative of Al Hermaz Investment Co). The Qatar Investment Authority (QIA) has appointed Mohammed Khalid Al Mannai as its representative, while the General Retirement and Social Insurance Authority (Civil Fund) has appointed Abdulrahman Fuad Al Mudahka as its nominee.
The Board of Directors meeting elected Sheikh Abdulrahman bin Mohamed bin Jabor Al Thani as the Chairman and Nasser bin Rashid Al Kaabi as Vice-Chairman.
Earlier, the annual general assembly meeting approved the board of directors’ recommendation to distribute a dividend of QR2.5 per share.
The Extraordinary General Assembly, held on the same day, approved the decision to split the par value of the ordinary share to be QR1 instead of QR 10, as per the instructions of Qatar Financial Markets Authority, and amendment of the Articles in the Company’s Articles of Association.
QIMC posted QR200m net profit in 2018, compared to QR206.1m for the same period in 2017. The total equity of the company’s shareholders is over QR1.62bn compared to QR1.57bn reported in 2017. The earnings per share (EPS) has reached QR4.21 compared with QR4.34 for the same period of 2017.
