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Al Rayan acheives QAR2bln profit in 2014

Al Rayan acheives QAR2bln profit in 2014
Al Rayan
MARK
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Masraf Al Rayan disclosed its financial statements for the year ended December 31, 2014  ,which revealed a net profit of QAR2 billion in 2014 versus QAR1.7 billion in 2013.

 

The Bank’s Earnings per share (EPS) amounted to QAR2.670 in 2014 compared to QAR2.270 in 2013.

 

In realted development , the bank's Board of Directors has recommended a profit distribution in the form of QAR 1.75 per share, or 17.5% of the paid-up

 

capital.The recommendation will be finally approved by the General Assembly of shareholders after obtaining the approval of Qatar Central Bank.

 

Meanwhile , the Board of Directors also fixed the agenda for the Ordinary & Extra-Ordinary General Meetings to be held on Monday, March 2nd 2015 at 6 p.m. in Al- Dasha Hall at Sharq Village Hotel, and invited all shareholders to attend both assemblies.