QC presents $1.8 million dividend to QIA
Iqaluit, Nunavut – November 28, 2017 – The Qikiqtani Inuit Association (QIA) received during its executive meeting today $1,840,914.00 from its subsidiary organization, Qikiqtaaluk Corporation (QC).
The amount was provided to QIA as a result of the Dividends Policy that was achieved through collaboration and passed by both the QC and QIA Board of Directors in February of 2016.
“These dividends which represent the economic achievement of Inuit, go a long way in helping fund important programs for Qikiqtani Inuit in all our 13 communities,” says QIA President P.J. Akeeagok.
“We at Qikiqtaaluk Corporation are proud of our success over the past fiscal year,” says QC Chair Olayuk Akesuk, “we are pleased to be able to contribute to the important work at QIA and in turn give back to Inuit in our region.”
These dividends will go into QIA’s Legacy Fund, in accordance with our revenue policy, to generate interest for future programs and activities for Inuit in the region.
Qikiqtaaluk Corporation, is one of two subsidiaries under QIA. QC manages economic development on behalf of QIA and strives to be a major contributor to all sectors of the Nunavut economy, focusing primarily on fisheries, retail operations, property development and management. The company also services the emerging mining and resource development sector.
For more information, please contact:
Sima Sahar Zerehi,
Director of Communications,
Qikiqtani Inuit Association