Mubasher: Qatar National Bank (QNB) Financial Services expected Industries Qatar to distribute a cash dividend of QAR 7 per share for the full-year 2018, according to a statement on Monday.
The Qatari producer of petrochemicals, metals, and fertilisers has a robust liquidity that supports the increase in dividends to QAR 12.1 billion.
The brokerage arm of the region's largest lender remained the firm’s price target at QAR 124, down 10% of the stock’s price of QAR 140.
It is worth noting that Industries Qatar’s profits hiked 62% year-on-year to QAR 3.8 billion during the first nine months of 2018.
By the end of Monday’s session, Industries Qatar’s stock declined 0.29% at QAR 140.01.
