Al Rayan Bank Net Profits Rise by 1.8% and Recommends a Distribution of 22.5% Cash Dividends
20 January 2020
Al Rayan Bank disclosed its financial statements for the period ended on 31 December 2019. The statements showed that the net profit reached QAR 2.17 billion, with an increase of 1.8% compared to the net profit of QAR 2.13 billion for the same period in the previous year.
Earnings per share reached QAR 0.290 for the financial period ended on 31 December 2019 compared to the return per share of QAR 0.284 for the same period in the previous year.
Furthermore, the Board of Directors, in its meeting held on 20 January 2020, recommended the distribution of cash dividends to shareholders of QAR 0.225 per share, or 22.5% of the paid-up capital.