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.