Qatar-Mubasher: The ordinary general meeting (OGM) of Qatar International Islamic Bank (QIIB) gave the g-ahead to distribute a cash dividend representing 40% of the capital (QAR 4 per share), according to a bourse filing to Qatar Exchange (QE).

OGM, held on 15 March, also ratified the profit and loss statement and the 2014 budget. 

The meeting also approved the board’s recommendation to issue additional Tier1 Sukuk non-convertible into ordinary shares up to QAR 3.0 billion.

The company reported a slight rise in profit by 10.1% to reach QAR 826 million in 2014, compared to figures from 2013.