QNB Discloses Financial Statements and Net Profit for the
year 2019 and Recommends Distribution of 60% as Cash
Dividends…
Return
on the Stock is 1.45 Riyals and Holds the Investor Relations
Conference Call on 16 January 2020
14 January 2020
QNB Group
disclosed its financial statements for the period ended on
31 December 2019, where its net profit reached QAR 14.4
billion, with a rise of 4% against the net profit of 13.8
billion riyals for the same period in the previous year
2018.
Earnings per
share reached QAR 1.45 for the financial period ended on 31
December 2019, compared to the return per share of QAR 1.44
for the same period in 2018.
The Board of
Directors has also decided to recommend to the General
Assembly to distribute the cash dividends to shareholders at
a rate of 60% from the nominal value of the share (by 0.60
riyals per each single share), in addition to pointing out
that the financial statements and the proposal dividends’
distribution are subject to the approval of Qatar Central
Bank.
QNB has also
announced that the investor relation conference call for
disclosing the financial results of the year 2019, will be
held on 16 January 2020 at 12:30 noon (Doha time).
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