Zad Holding Reports 5.7% Increase in Net Profit for 2024

Doha, March 13 (QNA) - Zad Holding Company (a Qatari public shareholding company) reported a 5.7% increase in net profit for 2024, reaching QAR 206.550 million compared to QAR 195.289 million in 2023.

The company's data indicated a rise in earnings per share (EPS) to QAR 0.72 for the period ending December 31, 2024, up from QAR 0.68 for the same period in the previous year.

The Board of Directors has decided to recommend to the General Assembly a distribution of 70% cash dividends to shareholders for the fiscal year 2024.

The Board has also proposed an amendment to the Articles of Association at the Extraordinary General Assembly to allow the Board to distribute interim dividends (quarterly and semi-annual) in accordance with Qatar Financial Markets Authority (QFMA) procedures and the provisions of the Commercial Companies Law. (QNA)