Mubasher: National Leasing Holding (Alijarah) reported a 90.8% year-on-year decline in profits for the fourth quarter of 2018 and recommended distributing a dividend of QAR 50 per share.

During the last three months of 2018, Alijarah’s profits amounted to QAR 2.81 million ($771,940), against QAR 30.67 million ($8.43 million) in Q4-17.

The Qatar-based company’s profits fell 31.74% to QAR 7.14 million during the full-year 2018, from QAR 10.46 million in the prior year.

Over the first nine months of 2018, Alijarah’s profits amounted to QAR 4.3 million, against losses of QAR 20.2 million in the corresponding period a year earlier.

By 11:33 Qatar time, Alijarah’s stock declined 0.95% to QAR 9.30.