In accordance with the Group’s policy, the Board of Directors may propose to the General Assembly to approve paying dividends when deemed suitable and subject to the provisions of the Companies’ Law. The Group maintains a dividend policy and intends to pay annual cash dividends based on the Group’s profitability, capital investment needs and liquidity in each financial year aiming at maximizing shareholders’ value. All dividends of the Group will be distributed in Qatari Riyals subject to the Group having sufficient distributable reserves and to the decision of the shareholders at the General Assembly.

The Group’s target an annual cash dividend pay-out ratio that ranges between 40% and 60%.