By Eslam Salem
Doha – Mubasher: Masraf Al Rayan’s profits for 2016 are likely to grow between 8% and 10%, said Hussain Ali Al Abdulla, the Chairman and Managing Director of Masraf Al Rayan.
The bank’s profits for 2015 rose 3.5% year-over-year to QAR 2,073million ($568.8 million) from QAR 2,002million ($549.3 million).
Following the ordinary general meeting, the chairman told Mubasher that "the bank has almost collected all dues”.
The ordinary general meeting of the bank approved distributing cash dividends at 17.5% or QAR 1.75 a share for 2015.
