34 listed Qatari firms declare QR11bn dividend

07/03/2011 00:00 AST

Qatari stocks continue to be known for high dividend yield as listed companies remain robust and reported record net profits in 2010.

Estimates suggest that 34 of the 43 entities listed on the Qatari bourse (Qatar Exchange) collectively declared an astronomical QR11bn worth of dividend payout to their shareholders for 2010.

These companies collectively reported net profits to the tune of QR27.8bn, up 13.4 percent over 2009. The dividend payouts work out to more than 45 percent of their (34 listed companies’) collective net profits—a handsome proportion.

This is aside from the bonus shares (stock dividend) a number of companies announced.

According to trading circles, 2010 has been an eventful year for companies as well as their shareholders since their results and dividend payouts have been robust. The banking sector which alone accounted for more than 45 percent of the total profits of the 34 companies, was one of the leading sectors in terms of dividend payouts.


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