OREANDA-NEWS.  Gulf Warehousing Company discloses the financial statements for the year ended December 31, 2015. The financials revealed a net profit of QR 185 Million in 2015 versus QR 140 Million in 2014 and the Earnings per Share (EPS) amounted to QR 3.89 in 2015 compared to QR 2.95 in 2014.

The Board of Directors recommended a distribution of 15%cash dividend.

Also The Board of Directors of Gulf warehousing company invite shareholders to attend the AGM and EGM of the company on 14th February 2016 at 6:00 pm, in Hilton Hotel in case of the required quorum is not maintained, a second meeting will take place on 17th February 2016, same venue and time.

Board approved to recommend to the forthcoming EGM increasing the company foreign ownership limit to 49% from the current level of 25%.