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Qatar’s Doha Bank Recommends 2014 Cash Dividend

Qatar’s Doha Bank Recommends 2014 Cash Dividend

The bank declared a cash dividend of QAR4 per share for 2014.

Doha Bank, Qatar’s fifth-largest lender by assets, is recommending a cash dividend of QAR4 per share for 2014, the lender said on Wednesday.

The amount is down from the QAR4.5 which the bank paid to shareholders for the previous year.

It said the latest dividend was subject to the approval of the central bank and shareholders at the annual general meeting.

The lender reported on Tuesday a 6.1 per cent increase in fourth-quarter net profit to 250 million riyals ($68.7 million), according to Reuters calculations, missing analysts’ expectations.

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