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Qatar - Three Companies Discloses Their Financial Statements, For The Year 2013  Join our daily free Newsletter

MENAFN - Qatar News Agency - 21/01/2014

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(MENAFN - Qatar News Agency) Qatar Islamic Bank (QIB) on Monday disclosed the financial statements for the year ended December 31, 2013.

The financials revealed a net profit of QR 1.3 Billion in 2013 versus QR 1.2 Billion in 2012 , a QIB press release logged on the Qatar Exchange website said

The Earnings per Share (EPS) amounted to QR 5.65 in 2013 compared to QR 5.25 in 2012

The Board of Directors recommended a distribution of cash dividend of 40% of the nominal share value (QR4.0 per share)

The The financial results for 2013 along with the profit distribution are subject to Qatar Central Bank approval

In a related development, Gulf Warehousing Company also disclosed the financial statements for the year ended December 31, 2013

The financials revealed a net profit of QR 101.6 Million in 2013 versus QR 85 Million in 2012 and the Earnings per Share (EPS) amounted to QR 2.14 in 2013 compared to QR 1.79 in 2012

The Board of Directors has proposed for General Assembly to distribution of QR

1.5 per share (15% of the nominal value of the share)

The Board of Directors of Gulf warehousing company invite shareholders to attend the AGM of the company on Sunday 16th February 2013 at 6:00 pm, in Hilton Hotel in case of the required quorum is not maintained, a second meeting will take place on Wednesday 19th February 2014, same venue and time

For its part, Qatar Insurance Company (QIC) Company discloses the financial statements for the year ended December 31, 2013

The financials revealed a net profit of QR 753 Million in 2013 versus QR 610.3Million in 2012 and the Earnings per Share (EPS) amounted to QR 6.08 in 2013 compared to QR 5.60 in 2012. The board also recommended profits distributing being Cash Dividends of (25% ) from the share par value, i.e. QR. (2.5) two and half for each share and bonus share issued (25%) of the capital i.e. one share for each four shares.

 






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