Qatar Oman investment approves 6% cash dividend

Qatar Oman Investment Company’s general assembly has ratified distribution of 6% cash dividend (QR 0.60 per share) at its meeting held here at the Diplomatic Club, according to a Qatar Exchange bulletin Tuesday. The Qatar Exchange listed company, owned 20% each by Qatar and Oman governments, has reported a profit of QR 19.83 Billion for the year ended December 31, 2013. The company is in the business of real estate. Its focus is on diversified real estate investment trust. It has three subsidiaries operating in Oman and Qatar in construction and engineering, aluminium and real estate development. The company established in July 2006 is based in Doha. It was listed as a public company on Qatar Exchange in December 2007.