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FINANCIAL NEWS
Qatar’s Woqod registers USD 0.32bn income
16 Feb 2016
(MENAFN) Qatar Fuel’s (Woqod) revenue for the year 2015 reached USD 0.32bn, an increase at 11 percent, compared with 2014, while earnings per share grew to USD 4.026mn.
Accordingly, Board of the firm approved the results and suggested to allocate cash dividends according to a rate of 82 percent of the value of the paid-up nominal capital.
Moreover, total shareholder’s equity touched USD 1.95bn with grow amounting USD 60.23mn introducing a growth of 3.2 percent compared to the same period of last year.
The firm is recently involved in application of many projects under construction, tendering, designing and approval stages, which include new petrol stations.
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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