GWC approves 16% dividend distribution to its shareholders

GWC has approved the distribution of a dividend to shareholders at a rate of QR 1.6 for each share, or 16% of the nominal value of the company’s shares, during the company’s ordinary assembly general meeting held on 30 January.

14

GWC chairman Sheikh Abdulla bin Fahad Al Thani

The dividends will be distributed either through direct deposit on 7 February or by visiting designated branches of Masraf Al Rayan from 8 February. The meeting was chaired by GWC Chairman Sheikh Abdullah bin Fahad Al Thani and was attended by representatives of the Ministry of Economy and Commerce, GWC’s external auditors KPMG and shareholders.

In addition, the assembly heard a thorough review of the company’s compliance with the Corporate Governance Code observed in the Qatar, as well as the assignment of KPMG as the appointed external auditor. The general assembly also cleared the company’s board members of any possible liability, setting the proper remuneration for the board.

Best solutions 

Logistics

“We remain committed to delivering the best solutions and logistical infrastructure, partnering with our nation in our collective quest for achieving the goals of Qatar National Vision 2030,” stated Sheikh Abdulla.

The general assembly gathered following a year of achievement for the company. The GWC Bu Sulba Warehousing Park has completed construction works and is in the process of handing over the warehouses to the tenants. Phase V of the LVQ and the WSSA warehouse in the Ras Laffan Industrial City hub launched operations in 2016.

Rollouts completed 

Warehouse

GWC Contract Logistics expanded on a number of their contracts, completing the rollout of several programs it had begun for clients in the health, retail and telecom sectors. GWC Forwarding held on to its position as the leading freight forwarder in Qatar and enhanced value for its clients’ projects by offering new products that reduce turnaround time for many shipments.

GWC Records maintained its client retention record while adding clients among ministries, government authorities and financial institutions. Meanwhile, GWC Relocations, Fine Art and Transport expanded on the types of services they offer while making significant contributions to the company’s revenues.

“We have maintained a certain rhythm as we evolved over the last 12 years, growing from an exclusively warehousing company to the provider of the largest range of fully-integrated logistics solutions in the Qatari market and beyond,” said Sheikh Abdulla.

 

 

NO COMMENTS

LEAVE A REPLY