Doha – Mubasher: Qatar National Bank (QNB) stated Tuesday that the ordinary and extraordinary general meetings will be held on 31 January.
Shareholders will look into a recommendation on a 55% dividend distribution, divided into cash dividends (35%) and bonus shares (20%).
They will also examine board of directors’ report on the bank’s activity and financial status in 2015 and the bank’s work plan for 2016.
Moreover, the meeting will also approve transferring the necessary amount to the legal reserve so as to maintain it at 100% of share capital, excluding issue premiums.
In case of an incomplete quorum, the second general meeting will be held on 3 February.
The bank’s FY15 financial results showed a 8% rise in net profit to QAR11.3 billion ($3.1 billion), against QAR10.5 billion ($2.88 billion) in FY14.
