Aamal Net Profit Up 8.3% to QR500.9 Million; Board Recommends 6% in Cash Dividend

February 28, 2018

Aamal disclosed its financial statements for the period ended 31/12/2017, showing a net profit of QR500.9 million, an increase of 8.3% compared to QR462.3 million for the same period last year.

The company’s earnings per share recorded QR0.80 for the fiscal year ended 31/12/2017 compared to QR0.73 in 2016.

The Board of Directors recommended the General Assembly to distribute 6% of the nominal value of the share in cash dividends (i.e. QR0.60 per share). This recommendation is subject to the approval of the General Assembly, which will be held on 22 April 2018.