The dividend policy of WOQOD is formulated in accordance with the relevant provisions of Commercial Companies Law, Qatar Financial Market Authority (QFMA) Regulations, Qatar Exchange Listing Rules, Corporate Governance (CG) Code and WOQOD’s Article of Association. WOQOD’s intention is to pay a healthy dividend to the Shareholders on a consistent basis. Towards this objective, the dividend pay-out is assessed by WOQOD’s management and recommended by its Board after considering many factors for approval by Annual General Meeting (“AGM”) of WOQOD Shareholders. The final Authority for approving yearly dividend is with Shareholders in the AGM meeting and upon such approval, WOQOD will make the relevant arrangements to make the approved dividend available to shareholders from the distribution date that is approved by the AGM or in case if no date is approved, within a week of AGM date.
