Masraf Al Rayan Net Profit in Q3, 2017 Stands at QR 1.56 Billion

October 17, 2017

Masraf Al Rayan net profit in the third quarter 2017 stood at QR 1,562 million, up 0.1% compared to net profit of QR 1,560 million in the corresponding period last year.

Earnings per share reached QR 2.08 in the third quarter of 2017 versus QR 2.08 in the corresponding period in 2016. 

The Group Securities Comment:
Total revenues of Masraf Al Rayan for the nine months increased by 13.5% to QR 3174.4 million, of which QR 2,850.7 million was from net financing and investment income. Total expenses increased by 21.3% to QR 762.5 million, of which QR 321.9 million were financing expenses and QR 250.2 million were staff costs. After deducting the rights of the unrestricted deposits holders worth QR 841.6 million (note these rights increased by 33.6% over their amount in the corresponding period last), net profit of Masraf Al Rayan stood at QR 1561.9 million with a slight increase.