Al Khaliji Net Profit Rose to QR335.3 Million in 1st Half of 2018

July 22, 2018

Al Khaliji’s net profit amounted to QR335.33 million, compared to QR319.81 million for the same period last year, while the bank’s earnings per share recorded QR0.93, versus QR0.89 for the same period in 2017.

The Group’s Comments:

Al Khaliji Commercial Bank’s net operating income increased by 1.4% to QR617.5 million, while its expenses decreased by 4.5% to QR273.9 million, of which QR91.7 million went to personnel expenses, and QR110.3 million went to net impairment losses. As a result, the net profit increased by 4.8% to QR335.3 million, taking into account a fair value loss of QR54 million, the comprehensive income decreased by 8.8% to QR281.3 million.