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Qatar National Bank Q4 net profit up 8.3 pct

collected by :Victor Alphen

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QNB Group net profit hits $3.4 billion in 2016

QNB Group net profit hits $3.4 billion in 2016*/

– QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, has posted a net profit reached QR12.4 billion ($3.4billion) for 2016, up by 10 per cent from last year.Total assets reachedQR720 billion ($198 billion), up by 34 per cent from December 2015, the best absolute results in QNB Group’s history.The Board of Directors have recommended to the General Assembly, the distribution of a cash dividend of 35 per cent of the nominal share value (QR3.5 per share) and a bonus share of 10 per cent of the share capital (1 share for every 10 shares).
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Qatar National Bank Q4 net profit up 8.3 pct

Qatar National Bank Q4 net profit up 8.3 pct*/

– DUBAI Jan 15 Qatar National Bank (QNB), the Gulf’s largest lender, reported a 8.3 percent increase in fourth-quarter net profit, according to Reuters calculations on Sunday.The bank’s net profit was 2.75 billion riyals ($755 million) in the three months to Dec. 31, compared with 2.54 billion riyals in the corresponding period of 2015, Reuters calculations showed, using financial statements in lieu of a quarterly earnings breakdown.EFG Hermes forecast the bank would make a net profit of 2.99 billion riyals during the quarter, while SICO Bahrain forecast a quarterly net profit of 3.44 billion riyals.
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Oman’s Raysut Cement fourth quarter net profit falls 11.9%

Oman’s Raysut Cement fourth quarter net profit falls 11.9%*/

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