Qtel to issue 70% cash dividend

19 April 2010

Qtel's annual general meeting have approved issuing a total annual cash dividend of 70% of the share face value, the Peninsula has reported. The company said its consolidated revenue increased in 2009 by 18.2% to QR24.0bn, compared to QR20.3bn in 2008. In the same period, net profit attributable to shareholders also grew by 20.5% to QR2.8bn, compared to QR 2.3bn in 2008. The group's consolidated customer base at the end of 2009 stood at 60.53 million.

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