Masraf Al Rayan net profit reaches QR2.175bn in 2020

 20 Jan 2021 - 8:10
Chairman and Managing Director of Masraf Al Rayan, H E Ali bin Ahmed Al Kuwari
The Peninsula
Doha: Masraf Al Rayan has reported a net profit of QR2.175bn for the year ended December 31, 2020. The Board of Directors met yesterday and proposed to distribute a cash dividend of QR0.170 per share, equivalent to 17 percent of the paid-up capital. The proposed dividend is subject to approval by the Ordinary General Assembly, to be held on March 2, 2021, and Qatar Central Bank (QCB).
Chairman and Managing Director of Masraf Al Rayan, H E Ali bin Ahmed Al Kuwari, said: “Year 2020 was exceptional by all standards; and we are happy to have successfully passed that stage. The previous year witnessed unprecedented events; the COVID-19 pandemic which hindered economic activity and the movement of individuals in general which affected global markets, in addition to the decline in energy prices to record numbers as a result of low demand, the caution in the markets and the decrease in liquidity, as well as the negative results of global growth such as high cost of borrowing and the calculation of higher rates of allocations as a precautionary measure." 

Related Keywords

Qatar ,Doha ,Ad Daw Ah ,Qatari ,State Of Qatar ,Masraf Al Rayan ,Adel Mustafawi ,Al Kuwari ,Bank Board Of Directors ,Development Department ,Bank Training ,Qatar Central Bank ,Ordinary General Assembly ,Managing Director ,Ahmed Al Kuwari ,Masraf ,Meal ,Marayan ,Net ,Profit ,Breaches ,Qr2 175bn ,In ,2020 ,கத்தார் ,தோஹா ,நிலை ஆஃப் கத்தார் ,மஸ்ராஃப் அல் ராயன் ,அல் குவாரி ,வங்கி பலகை ஆஃப் இயக்குநர்கள் ,வளர்ச்சி துறை ,வங்கி பயிற்சி ,கத்தார் மைய வங்கி ,ஆர்டிநரீ ஜநரல் சட்டசபை ,நிர்வகித்தல் இயக்குனர் ,மஸ்ராஃப் ,அல் ,ராயன் ,நிகர ,ப்ராஃபிட் ,ரீசஸ் ,இல் ,