Qatar’s Al Khalij
Commercial Bank recently announced that its net profit for 2016
reached $117.3 million, falling in line with expectations, according
to Sheikh Hamad Bin Faisal Bin Thani Al Thani, chairman and managing
director of the bank.
“We are in a
fortunate position given Qatar’s overall financial strength and
ability to rise above the various challenges experienced by the
global markets this year,” he said.
The bank’s board
has recommended a distribution of a cash dividend of 7.5
percent of the nominal share value. The bank
reported a 7 percent rise in total assets by the end of 2016,
reaching $16.6 billion, compared with $15.5 billion at the end of
2015.
“Al Khalij remains positive in its outlook for
2017 and looks to continue enhancing and growing its market share
locally and grow with our local clients abroad,” Al Thani said.
