Qr2 175bn News Today : Breaking News, Live Updates & Top Stories | Vimarsana

 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 ....

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