Qatar Islamic Bank (QIB) Net Profit Surges by 10.9% in 2019; QAR 3.05 Billion...Recommends Cash Dividend of 52.5% (0.525 Riyals per Share)
Return on the Stock is 1.21 Riyals
15 January 2020
Qatar Islamic Bank has disclosed its financial statements for the period ended on 31 December 2019; its net profit reached 3.05 billion riyals, with a rise of 10.9% against the net profit of 2.75 billion riyals for the same period in the past fiscal year (2018).
Earnings per share reached 1.21 riyals for the financial period ended on 31 December 2019 against the earnings per share of 1.08 riyals for the same period in the past year (2018)
The board of directors has proposed to raise a recommendation to the general assembly to approve the distribution of 52.5% of the nominal value of the share as cash dividends to the shareholders (i.e. by QAR 0.525 per share), after being approved by Qatar Central Bank and the general assembly of the bank’s shareholders.