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FINANCIAL NEWS
Qatar GIS aims to invest around USD 0.52bn
03 Mar 2016
(MENAFN) Gulf Intl’ Services (GIS) is planning to invest almost USD 0.52bn in the coming five years, which will generate additional income for the company.
Accordingly, the firm is boarding a selective capital expenditure programs jointly with suitable business development chances to remain modest in business.
Additionally, with the whole USD 1.17bn since its inception in 2008 to date, the group predicts to further invest USD 0.52bn over the next five years.
The Board suggested a dividend distribution for the year ended Dec 31, 2015 equivalent to a payout of USD 0.27 per share and 23.2 percent of its net profit.
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