QIIB Net Profit in 2016  Stand at QR 784.8 Million  
 The Board of Directors recommends a dividend 40% of issued Capital (QR 4.0 per Share).

January 26, 2017  
 
Qatar International Islamic Bank (QIIB) net profit in 2016 amounted to QR784.8 million compared to QR 784.2 million in the corresponding period last year.  Earnings per share amounted to QR 5.18   versus QR 5.18. The Board of Directors recommends a dividend 40% of issued Capital (QR 4.0 per Share) after Qatar Central Bank approves the financial statements.
 
The Group Securities Comment:
 
Total revenue of Qatar International Islamic Bank (QIIB) in 2016 increased by 7.9% to QR 1715.5 million, of which QR 1568.8 million income from financing and investment. Total expenses rose by 8.2% to QR 450.7 million, of which QR 158.5 million cost of staff and QR 116.8 million losses of financing assets depreciation. After deducting the stake of investment deposits owners - which rose by 35% despite that their balance slightly increased to QR 20 billion - the net profit of the bank remained stable at the level of QR 784.8 million.