(Group’s Comments) Ahli Bank Net Profit Rises 10% to QR639.71 Million, Recommends Dividends of 10% and Bonus Shares of 5%

Ahli Bank recorded a net profit of QR639.7 million in 2017, compared to QR631.7 in 2016, while its earnings per share amounted to QR3.19, compared to QR3.15. The Bank’s Board recommended distributing cash dividends of QR1 per share and bonus shares of 5%.

The Group’s Comments

Ahli Bank's total revenue increased by 8.9% to QR1,044.4 million, QR834.4 million of which was generated by interests. The Bank’s all expenses increased by 23.8% to QR404.7 million; QR182.7 million went to personnel expenses, QR85.4 million in investments and loan losses. As a result, the net profit for the year increased by 1.27% to QR639.7 million.