Qatar's Gulf International Services Co Plans Cash Dividend for the Year 2014
January 08, 2015 at 03:29 am EST
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The board of directors of Qatar's Gulf International Services Co has recommended the distribution of QAR 1.022 billion (USD 281 million /EUR 237 million) in cash dividend for 2014. The amount, equal to QAR 5.5 per share, represents a 243.7% increase from the previous year's cash dividend distribution of QAR 297.3 million. The increase is a result of the strong liquidity within the group and also the increased number of shares, due to a 25% bonus shares distribution last year.
Gulf International Services QPSC is a Qatar-based company, which operates as a holding company. It operates in four business segments: Drilling segment, which operates through Gulf Drilling International Insurance Co, that has direct ownership of approximately 15 drilling rigs, which are used to drill wells suitable for oil and natural gas extraction, 1 jack-up accommodation barge and 2 lift boats. Aviation segment , which operates through Gulf Helicopters Company that offers helicopter transportation services, including offshore / onshore transporting, long and short-line load lifting, and seismic support, among others. and Catering segment, which operates through AMWAJ Catering Services Company Limited that offers catering services, cleaning, pest control, manpower supply, and facilities management, among others. Insurance segment, which operates through Al Koot Insurance and Reinsurance Co that offers construction, operations, marine, and medical insurance and reinsurance services.
GULF INTERNATIONAL SERVICES Q.P.S.C. 
