Al Khaliji Reports QR487 Million in Net Profit

Doha, February 08 (QNA) - Al Khalij Commercial Bank has disclosed the preliminary financial statements for the year ended December 31, 2011. The preliminary financials revealed a net profit of QR 487 million in 2011 versus QR 427 million in 2010, the bank said in a statement published on the (Qatar Exchange) website. The Earnings per Share (EPS) amounted to QR 1.35 in 2011 compared to QR 1.19 in 2010. The bank also Recommend the Annual General Assembly of the Bank to approve the distribution of a cash dividend of 10 percent of the nominal share value (QR 1 per share), subject to the prior approval of Qatar Central Bank and Ministry of Business and Trade. Al Khaliji is one of Qatar's leading banks and a member of the Qatar Exchange Index, with QR 23.85 billion in total assets and QR 11.58 billion in customer deposits as of 30 September 2011. (QNA)