QR 1.5 BILLION IN NET PROFIT AND RECOMMENDS THE DISTRIBUTION OF 10% CASH DIVIDEND AND DECIDES TO CONVENE AGM AND EGM ON 18/02/2013
Masraf Al Rayan announced has disclosed the financial statements for the year ended December 31, 2012. The financials revealed a net profit of QR 1.5 billion in 2012 versus QR 1.4 billion in 2011.
The Company’s Earnings per Share (EPS) in 2012 amounted to QR 2.006 versus QR 1.878 in 2011.
The Board of Directors discussed matters related to the shareholders including the dividends for the shareholders for the financial year 2012; and recommended cash distribution of QAR 1 per share which is equivalent to 10% of the total paid up share capital. In view of this, the Board of Directors submit this recommendation to the Ordinary General Assembly for approval after obtaining the approval required by the Qatar Central Bank.
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