Doha Bank reports QR830m full-year net profit for 2018 - The Peninsula Qatar

Doha Bank reports QR830m full-year net profit for 2018 - The Peninsula Qatar:

Doha Bank, one of the leading conventional lenders in Qatar, reported a net profit of QR830m for the last financial year ended December 31, 2018, down by over 25 percent compared with QR1.11bn achieved for same period in 2017 after taking significant loan loss provision.

Sheikh Fahad bin Mohammad bin Jabor Al Thani, Chairman of the Board of Directors of Doha Bank, announced that the Board of Directors (BoD) in its meeting held yesterday approved the draft of the Bank’s audited financial statements for the year 2018.

At the same meeting, the Board decided to present a recommendation to the General Assembly to approve the distribution of cash dividends of QR1 per share to the shareholders.