Doha Bank said in a filing to Qatar Exchange (QE) that the ordinary general meeting (OGM) approved the Board’s recommendation to distribute a cash dividend of QAR 4 per share.

OGM also gave the go-ahead to issue debt securities worth QAR 2 billion using the bank's EMTN programme.

The bank reported a slight rise in profit by 3.1% to QAR 1.354 billion ($371.4 million) during the fiscal year (FY) 2014, compared to QAR 1.313 billion ($360.22 million) in FY13.

 It is worth highlighting that the bank’s capital amounts to QAR 2.58 billion, distributed on 258.37 million shares at QAR 10 par value.