By Islam Salem
Doha-Mubasher: Qatar First Bank (QFB) said its ordinary general meeting held on Monday gave the go-ahead for freezing 2015 dividends.
Shareholders also endorsed balance sheet and profit/loss statement for the fiscal year ended 31 December 2015.
The bank's earnings declined 58.3% in 2015 to QAR 66 million ($18.1 million), compared with QAR 158.4 million ($43.5 million) a year earlier.
Chairman Abdulla Al-Marri said the bank has invested QAR 2.5 billion so far in Qatar, GCC, Turkey, UK and Kenya.
"We have completed all regulatory procedures to list the bank in the local stock market, which will be at the end of April," the chairman said.
Translated by Abdul Maguid Aboshahla
