Al
Khaleeji Net Profit Rises 6.2% and Recommends 7.5% Cash Dividends
20 January 2020
Khaleej
Commercial Bank (Al-khaleeji) disclosed its financial statements for the
period ended on 31 December 2019. The statements showed that the net
profit is QAR 646.25 million, i.e. by 6.2% against the net profit of QAR
608.40 million for the same period in the former fiscal year.
Earnings per
share reached QAR 0.16 for the fiscal period ended on 31 December 2019
against the earning per share of QAR 0.15 for the same period in the
previous fiscal year (2018).
Furthermore, the
Board of Directors raised a recommendation to the Annual General
Assembly to distribute 7.5% cash dividends from the face value of the
share, i.e. QAR 0.075 per share, with taking into consideration the
obtaining of the prior approval of the Qatar Central Bank.