Qtel AGM Approves 70 Percent Share Face Value Cash Dividend

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The Annual General Meeting of Qatar Telecom (Qtel) QSC today approved the recommendation of the Board of Directors to issue a total annual cash dividend of QAR 7 per share. This represents 70 percent of the share face value.

Addressing the general assembly, His Excellency Sheikh Abdullah Bin Mohammed Bin Saud Al-Thani, Chairman, Qtel, discussed the reasons for Qtel’s success in a challenging year, and underlined his confidence in the company’s strategy for growth and development.

His Excellency Sheikh Abdullah said: “2009 was a year of clear achievement for both Qatar and for Qtel. While the world experienced a profound economic crisis, Qatar continued to stride forward steadily, guided by the wisdom of its leadership and its clear vision for the future.”