Qamco' first financial results to cover four months ending March 31
February 20 2019 08:21 PM
Qamco

Qatar Aluminium Manufacturing Company (Qamco), which owns 50% interest in Qatalum, has decided to announce the results of December 2018 together with its full financial year 2019 as its one month of operations is too short to report for substantial financial and operational information.
It has obtained the necessary "no objection" from the Ministry of Commerce and Industry to amend the company’s Articles of Association to have the first financial year to end on December 31, 2019, and hence Qamco will be disclosing 13 months financial statements at end-2019.
The first financial report of the company will be for four months ending March 31, 2019, and will be announced in April 2019.
The board will declare an interim dividend to the shareholders along with its Q1, 2019 disclosure. The interim dividend that will be declared will pertain to the six months period from July 1, 2018 to December 31, 2018, in line with the company’s IPO prospectus and the founder’s economic rights waiver.
Qamco will hold its ordinary and extraordinary general assembly on March 31.



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