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Al Khalij Bank nods to dividend proposal

Al Khalij Bank nods to dividend proposal
Photo Credit: Arabianeye-Reuters
Al Khaliji
KCBK
0.95% 2.24 0.02

Mubasher: The ordinary general meeting (OGM) of Al Khalij Commercial Bank approved the board’s recommendation of distributing a cash dividend of 7.5% or QAR 0.75 per share for fiscal year 2016, according to a recent statement.

During FY16, the bank posted a drop of 31.8% in profits to QAR 426.6 million as compared to QAR 625.5 million.