By: Eslam Salem
Doha – Mubasher: Al Khalij Commercial Bank’s ordinary general meeting (OGM) approved the board’s proposal to distribute cash dividends at 10% of its annual profit, equivalent to QAR 1 per share.
The OGM also adopted the balance sheet and the profit and loss account for the fiscal year 2015.
The Qatar listed bank’s shareholders earlier approved cash dividends at 10% of the share’s par value or QAR 1 per share for the fiscal year 2014.
The bank’s net profit reached QAR 625.5 million in 2015, versus QAR 562.9 million in 2014.
Meanwhile, the extraordinary general meeting (EGM) agreed to amend the bank’s statute to facilitate the issuance of capital instruments eligible to be part of the additional capital's first tranche at a maximum of QAR2 billion.
Translated by: Elwy el-Manzalawy
