Gulf International Services Proposes QR0.10 Dividend for 2025

DOHA: Gulf International Services (GIS) held its Annual General Assembly Meeting for the fiscal year 2025 on March 14, 2024, where it recommended a cash dividend of QR0.10 per share. This distribution amounts to a total of QR186 million for the financial year ending December 31, 2025, reflecting the company’s commitment to shareholder returns while considering operational and investment needs.

Strong Performance and Strategic Growth

During the meeting, Sheikh Khalid bin Khalifa Al-Thani, Chairman of the Board of Directors, highlighted 2025 as a pivotal year in the company’s evolution. “We successfully expanded the scope of our operations and enhanced overall performance,” he stated. The growth was evident in revenue increases and improved earnings quality, attributed to a disciplined strategy and a focus on operational efficiency.

The drilling segment emerged as a key driver of GIS’s operations in 2025. Notably, Gulf Drilling International completed a full year of performance after acquiring three offshore jack-up drilling rigs in 2024. The successful integration of these rigs into the fleet, alongside renewed long-term contracts, significantly contributed to revenue growth and earnings stability.

Moreover, the investment in two offshore well service lifting vessels, set to begin operations in 2027 under a principal contract with a strategic partner, marks a significant step forward. This initiative reinforces GIS’s position as a leading provider of offshore drilling and well services, while also supporting the development objectives of the State’s energy sector.

Resilience in Aviation Services

The aviation segment also demonstrated robust performance. Gulf Helicopters capitalized on increasing demand for offshore aviation services, complemented by the expansion of maintenance, repair, and overhaul activities. This diversification has become an essential contributor to the company’s overall revenues, showcasing the resilience and adaptability of GIS in a competitive market.

As Gulf International Services continues to navigate the complexities of the energy sector, its strategic initiatives and operational efficiencies position it well for future growth. The proposed dividend reflects both a commitment to shareholders and confidence in the company’s ongoing performance.