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QIIB Board proposes 40% dividends

QIIB Board proposes 40% dividends
Photo Credit: Arabianeye-Reuters
International Islamic
QIIK
-3.19% 11.23 -0.37

Qatar International Islamic Bank (QIIB) announced in a bourse filing to Qatar Exchange (QE) that the Board of Directors has recommended a cash dividend of 40% (QAR 4 per share).

Worth noting, QIIB has reported a rise in its annual profit by 10.1% to QAR 826 million for the fiscal year 2014 compared to the fiscal year 2013.

The Board has also proposed to discuss the issuance of additional Tier 1 sukuk worth of maximum QAR 3 billion.