(MENAFN- Gulf Times) Gulf Warehousing Company (GWC) has begun the process of tendering the fifth phase expansion of its Logistics Village Qatar (LVQ) project, said chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor al-Thani.
He was addressing the General assembly of company shareholders at the Four Seasons Doha yesterday.
GWC also saw continued expansion of its assets, including the completion of the fourth expansion phase at the Logistics Village Qatar, in addition to the continuing expansion and development of the company's assets at the Ras Laffan Industrial City site.
"The company is committed to seek out new markets and gain new business opportunities and new rewarding partnerships," Sheikh Abdulla said.
The GWC chairman said the company achieved growth last year in the transport, contract logistics, records management, and fine arts departments.
Meanwhile, the General Assembly approved the proposal for a 15% cash dividend (at a rate of QR1.5 per share) during yesterday's AGM.
GWC chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor al-Thani said, "These dividends represents the importance we dedicate to ensure continued returns on investments for our shareholders." The assembly also approved the assignment of KPMG as the external auditor for GWC's activities. KPMG explained the details of their audited financial report for the fiscal year 2014 during the meeting.
Also, the assembly confirmed the previous board members for another period of three years from 2015 and elected Ali Abdulatif al-Misnad as an independent board member under the supervision of the representatives from the Ministry of Economy and Commerce.
GWC is a Qatari shareholding company and is the "leading provider" of integrated logistical solutions in Qatar.
It is also one of the largest supply chain service providers in the region, offering warehousing and distribution, hazmat logistics, freight forwarding, project logistics, sports and event logistics, fine arts logistics, supply chain consulting, transportation management, asset management, records management, and moving and relocation services to various industry verticals.
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