Doha – Mubasher: The ordinary general meeting of Qatar International Islamic Bank (QIIB) will be held on 14 March to look into a board proposal to distribute cash dividends at 40% of the capital for the fiscal year 2015.
The 40% cash dividend, which is the same as that for 2014, equates to QAR 4 per share.
The meeting will also adopt the balance sheet and the profit and loss account for the fiscal year 2015.
QIIB’s profit shrank last year by 5% to QAR 784.2 million from QAR 825.8 million in 2014.
The Qatar-listed bank earlier changed the date of the extraordinary general meeting (EGM) to 7 March, and set 14 March as an alternative date in case of the quorum was incomplete.
QIIB share rose in today’s early trading by 0.55% to QAR 68.6 as 32,900 shares were traded at QAR 2.25 million.
