16 Feb 2021 - 9:02
GWC officials during the Annual General Meeting held virtually.
The Peninsula
Doha: GWC, the leading logistics provider in Qatar, yesterday held its Annual General Meeting (AGM) online, which was chaired by GWC Chairman Sheikh Abdullah bin Fahad bin Jassem bin Jabor Al Thani. The AGM approved the Group’s Financial Results for the year ended December 31, 2020. The meeting was attended by representatives of the Ministry of Commerce and Industry, GWC’s external auditors E&Y, and the company’s shareholders attending virtually inline with the precautionary measures taken to curb the outbreak of COVID-19.
The AGM ratified all items on its agenda including the proposal by the Board of Directors to distribute a cash dividend of 10 percent the nominal share value at QR0.10 per share. The dividends will be distributed through designated branches of Masraf Al Rayan.
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Mastercard Faces Swiss Probe Into Possible Obstruction Of National Cash Scheme
HARRISON (dpa-AFX) - Payments company Mastercard Inc. (MA) is facing an investigation by Swiss Competition Commission or COMCO, Reuters reported.
The investigation is into possible obstruction of SIX s National Cash Scheme or NCS, a set of rules for withdrawals and other transactions at banks cash machines.
According to the agency, the obstruction occurs because Mastercard refuses to co-badge the NCS on the new debit Mastercard.
The watchdog reportedly said, COMCO is now investigating whether Mastercard has abused its position as a dominant company. Precautionary measures were taken for the duration of the investigation.