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Commercialbank inks deal with QOIC to distribute dividends  Join our daily free Newsletter

MENAFN - The Peninsula - 23/03/2011

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(MENAFN - The Peninsula) Commercial Bank of Qatar, announced that an exclusive agreement had been established for the Bank to distribute the dividend payments of Qatar Oman Investment Company (QOIC).

The signing ceremony was held at the Commercialbank Plaza in the presence of representatives of the Bank and QOIC. The agreement was signed by Abdulla Al Raisi, DCEO Commercialbank and Nasser Al Khaldi, CEO, QOIC allowing Commercialbank to provide administration services and the requisite expertise for dividend distribution.

Nasser Al Khaldi, CEO, QOIC, while congratulating Commercialbank, commented: "We are extremely pleased to appoint Commercialbank " Qatar's leading bank for dividend distribution. Their advanced systems, large network of branches across the country and a well established set of best practices will ensure that our shareholders are provided with the most professional service.

We are confident that this arrangement will prove extremely attractive to shareholders, who will find accessing their dividend payments more easily and more efficiently than ever before. QOIC is delighted to sign up with Commercialbank as a business partner."

Abdulla Al Raisi, DCEO, Commercialbank said, "With this new agreement Commercialbank is pleased to continue our work in creating the best value for our customers, through performance efficiency aligned to international best practice. Commercialbank has always been committed to developing services to meet the ever evolving needs of our large and expanding customer base.

We are confident that this value added service from Commercialbank will confirm the Bank as a center of excellence in Dividend Distribution Services. We look forward to maintaining a long term business relationship with QIOC.''

Qatar Oman Investment Company (QOIC) aims at investing its funds in all types of investment opportunities available in the State of Qatar and the Sultanate of Oman based on sound business practices in order to maximize shareholders' returns and to contribute to the economic, commercial and social development of both countries.


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