Doha-Mubasher: QInvest announced its financial statements to Qatar Exchange (QE) for the fiscal year (FY) 2014, during which it reported a net profit growth by $21 million to reach $24.2 million year-on-year (yoy).

QInvest’s revenues soared by 134% to $82.1 million during FY14, according to the financials.

It is worth noting that the bank’s Board approved on February 22 a cash dividend representing 2% of par value.

QInvest Chairman Jassim Al Thani highlighted that the completed Sukuk transactions totaled $3.5 billion in 2014.

Furthermore, the statement noted that its finance transactions reached $200 million. 

The bank completed the acquisition of the Asset Management unit affiliated to Qatar Islamic Bank United Kingdom (QIB UK).