Tuesday, 31 July 2012

£100 million dividend for Harrods' Qatari owners - The National

Cash tills are ringing for the Qatari owners of Harrods, who paid themselves a £100.5 million (Dh607.27m) dividend after a "record year" at the luxury London department store.

Harrods reported pre-tax profits of £125.3m for the year ending on January 28, a 15 per cent increase on the previous year.

Qatar Holding, owned by one of the world's largest sovereign wealth funds, bought Harrods in 2010 for about £1.5 billion from the Egyptian tycoon Mohamed Al Fayed.

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