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.