QIB reports 22% rise in 2015’s profit

By: Eslam Salem

Doha – Mubasher: Qatar Islamic Bank (QIB) posted on Tuesday a net profit of QAR 1.95 billion in 2015, compared to QAR 1.6 billion in 2014, with a growth of 22% year-on-year.

Earnings per share jumped to QAR 8.27 last year from QAR 6.78 in 2014.

The banks board recommended cash dividends at 42.5% of the share’s par value or QAR 4.25 a share after adopting results by Qatar Central Bank and the general meeting.

Translated by: Elwy el-Manzalawy

Mubasher Contribution Time: 19-Jan-2016 15:56 (GMT)