QIB profit grows 16% to reach QR3,555m in 2021 – The Peninsula

QIB profit grows 16% to reach QR3,555m in 2021 – The Peninsula

Doha: Chairman of Qatar Islamic Bank (QIB) Sheikh Jassim bin Hamad bin Jassim bin Jaber Al Thani has announced that QIB has achieved net profit attributable to shareholders of QR3,555m for the fiscal year 2021 compared to QR3,065m for the year 2020, thus marking an increase by 16 percent over last year with basic earnings per share of QR1.42 compared to QR1.21 as at December 31, 2020.  

QIB Board of Directors proposed a dividend distribution to shareholders of QR0.575 per share i.e. 57.5 percent of the nominal share value, subject to approval of Qatar Central Bank and QIB’s General Assembly.