Mubasher: Masraf Al Rayan on Wednesday announced that its ordinary general assembly approved the distribution 20% of the share par value in cash dividends, with a per-share dividend of QAR 2, for the fiscal year 2017.

The assembly also approved QAR 14.3 million in remuneration for the board of directors, according to the company’s statement to the Qatar Stock Exchange.

Profits of Qatar's second-largest bank by market value declined 2.3% to QAR 2.028 billion during the full-year 2017, compared to QAR 2.075 billion a year earlier.