Aamal approves distribution of 10% bonus shares

The general assembly of Aamal Company has approved its Board of Directors proposal of distributing 10% bonus shares to its shareholders following its Ordinary General Assembly meeting held here Monday. Following the Aamal's approval to distribute bonus shares of 10% of the share capital aggregating to 45 million shares, with a nominal value of QR. 450 million, the share capital will become QR. 4.95 billion. The assembly approved the external auditor’s report on the company financial results for the year ended 31st December 2010. The Extra Ordinary General Assembly also approved the amendment of the company's by-laws to permit the increase of the foreign shareholding in the company up to 49% after obtaining the necessary approvals.