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Hulielah expects improvement in the performance of Padico and dividends distribution

2016-02-07

The CEO of Padico Holding, Samir Hulielah, noted that according to the company’s achieved net income till Q3 2015 and the significant improvement in the financial performance of Padico compared to the year 2014, it is expected that the company’s board of directors will approve distributing dividends to the shareholders; the principle says the company can distribute dividends only if the board of directors decided to. He also expected an increase in Padico’s net income during the last quarter of 2015 compared to Q3 2015 without specifying the exact expected amount of profits.