Al Rayan Net Profit Rose 4.5% to QR1.63 Billion in Q3 2018

October 16, 2018

Masraf Al Rayan's net profit amounted to QR1.63 billion in the previous 9 months compared to QR1.56 billion for the same period last year. The bank’s earnings per share recorded QR2,176 versus QR2,083 for the corresponding period of 2017.

The Group’s Comments:

Al Rayan’s operating revenues increased by 15.4% to QR3.66 billion in the period ended 30/9/2018, while its total expenses climbed by 39.4% to QR1.06 billion. Depositors' share in profits increased by 12.9% to QR950.4 million (although the deposit balance increased by only 4.9%). As a result, the net profit attributable to shareholders increased by 4.5% to QR1631.9 million.