The Group’s Comment: Al Rayan Net Profit in 2019 Rise of 1.8% to QAR 2.17 Billion and Recommendation of Distributing 22.5% Cash Dividends
Profits: The profits of Al Rayan Bank for the year 2019 reached QAR 2178.4 million against QAR 2130.4 million in 2018; with a growth rate of 2.25% and the return on the share was QAR 0.290 against QAR 0.284. However, with respect to the fourth quarter earnings, the bank recorded a profit of QAR 521.5 million against QAR 498.5 million for the same quarter of 2018.
Operation Earnings: The total earnings reached QAR 5221.0 million compared to QAR 4874.3 million for the former year, with a growth rate of 7.11%; a rise of QAR 346.7 million. Most of the rise brought about by the main activities of the bank (financing and investment).
Expenses: Expenses increased by 4.77% and reached QAR 68.2 million. This increase caused by the increase in financing costs.
Assets: Financing assets increased by 3.2% in comparison with 2018. Similarly, the balances of owners of investment accounts rose by 6.97%. The financing assets (the main source of revenue) represent 70% of the total assets of the bank.