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QNB sets al khalij target price at QAR 23

QNB sets al khalij target price at QAR 23
Photo Credit: Arabianeye-Reuters
Al Khaliji
KCBK
0.95% 2.24 0.02

Doha-Mubasher: QNB research unit set the target price of Al Khalij Commercial Bank (al khaliji) at QAR 23, with the recommendation ‘accumulate’.

Al khaliji is expected to gain a net income of QAR 606.6 million and QAR 688.5 million in 2015 and 2016 respectively.

The bank reported a profit rise by 2.2% to QAR 562.9 million in 2014. Its capital amounts to QAR 3.6 million, distributed on 360 million shares at QAR 10 par value each.