Qatar-Mubasher: The ordinary general meeting (OGM) of Qatar Fuel approved the board’s recommendation to distribute a cash dividend of 90%, amounting to QAR 760 million for the fiscal year ended 31 December, 2014.

The meeting, held on 15 March, also endorsed the profit and loss statement and the budget for 2014, the company said in a filing to Qatar Exchange (QE).

The company’s profit inched up 1% during the fiscal year 2014, compared to QAR 1.12 billion in FY13.