By Eslam Salem

Doha – Mubasher: The ordinary general assembly meeting (OGM) of Masraf Al Rayan gave the green light to distribute cash dividends at 17.5% or QAR 1.75 a share for 2015.

The ordinary general meeting also agreed on the bank’s balance sheet, profit and loss account for 2015, and the appointment of an auditor for 2016.

The bank’s profits for 2015 rose 3.5% year-over-year to QAR 2,073million ($568.8 million) from QAR 2,002million ($549.3 million).

The bank is still exploring attractive investment opportunities in Asia, Africa, and Europe, said Hussain Ali Al Abdulla, the Chairman and Managing Director of Masraf Al Rayan.

Translated by Ahmed El-Sayed Ali