QNB Group
Discloses Annual Financial Statements for
The Year Ended 31 December 2016
The
Board of Directors recommended distributing
dividends
January 15, 2017
QNB Group disclosed its audited financial
statements for the year ended 31.12.2016.
The financial statements show a net profit
of QR 12.4 billion compared to a net profit
of QR 11.3 billion in the previous year.
Earnings Per Share (EPS) amounted to QR 14.4
for the year ended 31 December 2016 compared
to an EPS of QR 13.4 in the previous year.
The Board of Directors have recommended to
the General Assembly the distribution of a
cash dividend of 35% of the nominal share
value (QAR 3.5 per share) and a bonus shares
of 10% of the share capital (1 share for
every 10 shares). The financial results for
2016 along with the profit distribution are
subject to Qatar Central Bank (QCB)
approval.