Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Masraf Al Rayan Reports Net Profit Of Qr 1.7 Billion  Join our daily free Newsletter

MENAFN - Qatar News Agency - 29/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) Masraf Al Rayan has reported a net profit of QR 1.7 Billion for the financial year ended December 31, 2013, a growth of 13.2% over QR 1.5 Billion reported in 2012.



The Board of Directors approved the financial results at a meeting convened here Monda



The Earnings per Share (EPS) amounted to QR 2.270 in 2013 compared to QR 2.006 in 201



The Board of Directors recommended a distribution of cash dividend of QR 1.5 per share, representing of 15% of the paid of share capita



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



Commenting on the results, Masraf Al Rayan Chairman and Dr Hussain Ali Al Abdulla said, "The results reflect the effective implementation of bank's strategy." Masraf Al Rayan Group CEO Adel Mustafawi said the good financial results were due to the efforts of the board, management and staff backed by a vision and action plan to achieve the set objectiv



He explained the results further noting that There was noticeable growth in many activities as total assets reached QR 66,548 Million compared to QR 61,628 Million as of December 31, 20 12, a growth rate of 7.98%, he sai



Return on Assets reached 2.56



Financing activities registered a total of QAR 41,440 Million c ompared to QR 41,719 Million as of 31 December 2012, a decrease of 0.67



Investments increased to QR 16,565 Million from QR 14,552 Million as of December 31, 2012, an increase of 13.8



Total customers' deposits also rose to QR 48,331 Million compared to QR 45,010 Million as of December 31, 2012, an increase of 7.4



Shareholders' equity before proposed distribution increased to QAR 10,523 Million compared to QR 9,596 Million as of December 31, 2012, an increase of 9.7



While Book value per share reached QR 14.03. The shareholders' annual ordinary General Assembly Meeting will be held at 6.30 p.m. on March 3, 2014 at the Marriott Hotel, Doha.

 


Qatar News Agency




  MENA News Headlines
 Jul 29 2015 - Egypt says 'new Suez Canal' ready for businessAFP
(MENAFN - AFP) Egypt said on Wednesday that the "new Suez Canal" was ready for navigation for all kinds of ships, as authorities geared up to launch the shipping route officially next month. Dubbed ...

 Jul 29 2015 - Israel welcomes 200 French Jewish immigrantsThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Two-hundred French Jewish immigrants have arrived in Israel, according to a Tuesday statement issued by The Jewish Agency for Israel.The newcomers € half of ...

 Jul 29 2015 - Germany criticizes Israel's new settlement plansThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Germany has criticized Israel for approving the construction of more than a thousand settlements in occupied West Bank, terming the move a threat to the ...

 Jul 29 2015 - President Erdogan calls Jordanian KingThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Turkish President Recep Tayyip Erdogan informed Jordanian King Abdullah II and Italian Prime Minister Matteo Renzi about Turkey's ongoing "anti-terrorist ...

 Jul 29 2015 - Egypt- Fascism Incorporated: Our faultDaily News Egypt
(MENAFN - Daily News Egypt) When the blood of the other becomes a fathomable reality, fascism is born. I remember well standing among thousands in front of the UN, on 30 June 2013, as we screamed ...

 Jul 29 2015 - Egypt- Media gag ordered for case involving judge demanding sexual favoursDaily News Egypt
(MENAFN - Daily News Egypt) A media gag was ordered by the General Prosecution on Tuesday in the case of a judge who is charged with demanding sexual bribes from a woman in a lawsuit he was ...

 Jul 29 2015 - Bomb explodes in Al-ArishDaily News Egypt
(MENAFN - Daily News Egypt) A bomb explosion took place on Tuesday morning in the North Sinai town of Al-Arish with no casualties reported, a North Sinai resident told Daily News Egypt.The explosion, ...

 Jul 29 2015 - Egypt- 19 die in wood factory blazeDaily News Egypt
(MENAFN - Daily News Egypt) A fire in a wood factory in Qaliubiya governorate left 19 people dead and 22 injured on Tuesday.The fire occurred in an industrial district of Obour City, northeast Cairo. ...

 Jul 29 2015 - HRW accuses Saudi-led coalition of war crime in YemenDaily News Egypt
(MENAFN - Daily News Egypt) Human Rights Watch (HRW) reported Monday that its investigations into several air strikes by the Saudi-led coalition in Yemen on 24 July found no apparent threat at or ...

 Jul 29 2015 - Detention renewed for Esraa El-TaweelDaily News Egypt
(MENAFN - Daily News Egypt) The detention of amateur photojournalist Esraa El-Taweel, accused of spreading false news and belonging to the outlawed Muslim Brotherhood, was renewed on Monday, after ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help