QNB dividend distribution agent for Gulf International Services

For the second consecutive year, Qatar National Bank (QNB), was appointed the official Dividend Distribution Agent for Gulf International Services (GIS), a public shareholding company listed on the Qatar Exchange (QE) and the biggest group specializing in services in Qatar.
QNB will provide (GIS) with dividend distribution, dividend account administration and other administrative support services to ensure shareholders have easier and more efficient access to their earned dividends.
GIS recently disclosed its 2012financial results reporting QR 464.3 million in net profit for the year ended December 31, 2012.
The board of directors also recommended dividend payout per share of QR 1.5, representing 15 percent of nominal value.
GIS held its annual general assembly meeting yesterday.
Through QNB’s dividend distribution service, shareholders will be able to receive their dividends when visiting any QNB branch if their profits are less than QR 100,000.
For profits more than QR 100,000 shareholders are requested to visit QNB dividend center located at Qatar Sports Club, West Bay.
Dividend payments can also be transferred directly into QNB accounts, local bank accounts, and international bank accounts for clients who shared their account information with QE.
Shareholders can register by providing QNB with their shareholder number, ID card, or power of attorney by a custodian in the absence of the shareholder.
QNB’s dividend distribution service is built on a strong banking relationship with the shareholder, while providing the most advanced technological solutions in the market to be able to deliver this added value to shareholders.