Mubasher: Ahli Bank on Tuesday announced that its shareholders had approved distributing a cash dividend of 10% of the share’s nominal value as well as 10% bonus shares for 2018 during an ordinary general meeting (OGM) held in the previous day.
The Qatari lender’s extraordinary general meeting (EGM) approved increasing the capital with the amount of such bonus shares, or by 21.03 million shares, to 231.4 million, the bank said in a statement to the Qatar Stock Exchange (QSE).
For the full year 2018, Ahli Bank’s profit rose 4% to QAR 665.56 million, against QAR 639.71 million in the previous year.
By 09:49 am Qatar time, Ahli BanK’s stock fell 18.01% to QAR 26.40.
