Arab Today, arab today qatar international islamic bank achieves 227m net profit for 2014
Last Updated : GMT 05:49:56
Arab Today, arab today
Arab Today, arab today

Qatar International Islamic Bank achieves $227m net profit for 2014

Arab Today, arab today

Arab Today, arab today Qatar International Islamic Bank achieves $227m net profit for 2014

Qatar International Islamic Bank (QIIB)
Doha - KUNA

Qatar International Islamic Bank (QIIB) financial results for 2014 revealed total revenues of QR 1.52 billion (USD 418 million), and a net profit of QR 826 million (USD 227 million), an increase of 10.1 pct compared with 2013.
The earnings per share (EPS) reached QR 5.45 in 2014, a QIIB press release said on Sunday, adding that the Board of Directors proposed to the bank's General Assembly to distribute a cash dividend of 40 percent of the bank's capital (QR four per share) to shareholders subject to the approval of the Qatar Central Bank.
The results were announced after a meeting of the Board of Directors, chaired by QIIB Chairman and Managing Director Sheikh Dr Khaled bin Thani Al-Thani to discuss the final financial statement for the year which ended on December 31, 2014.
In addition, the Board of Directors proposed to the Shareholder's General Assembly to issue additional Tier I Sukuk up to equivalent of QR three billion (USD 824 million), aimed at supporting the bank's capital requirements for future growth and expansion.
"The results strongly confirm the bank has made good growth across all portfolios of its business and succeeded in realizing its strategy, which is commensurate with the rich opportunities available in the Qatari economy," Sheikh Dr Khaled bin Thani said.
"The national economy is seeing a renaissance and has become prosperous under the wise leadership of the (Qatari) Amir Sheikh Tamim bin Hamad Al-Thani." QIIB would continue to focus on the domestic market, where many mega projects are currently being implemented, he said, adding that the bank believes it is its responsibility to fully engage in building the nation and supporting its national economy.
The local economy is being managed well in line with the vision laid out by the Qatari government, he added, which has provided the nation immunity from global economic fluctuations.
He also emphasised QIIB's commitment to various kinds of project financing, be it large projects related to infrastructure, other major development plans or small and medium enterprises (SMEs).
This will help the bank realise its strategy of actively engaging in national economic development and realising the expectations of its shareholders and customers, he added.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatar international islamic bank achieves 227m net profit for 2014 Arab Today, arab today qatar international islamic bank achieves 227m net profit for 2014

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatar international islamic bank achieves 227m net profit for 2014 Arab Today, arab today qatar international islamic bank achieves 227m net profit for 2014

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday