Brent crude traded just above $48 per barrel as Greece’s election results put pressure on oil and global equities.
The state-run utility made a profit of QAR360.5 million ($99 million) in the three months to Dec. 31.
Global financial markets reacted to the Greek election on Monday with the euro dropping to near an 11-year low against the dollar.
The exchange’s previous acting chairman was Hussein Ali al-Abdullah, an executive director of the Qatar Investment Authority.
The bank made a net profit of Dhs409.6 million in the last quarter of 2014, it said in a statement.
The bank made a net profit of Dhs1.02 billion ($277.7 million) in the fourth quarter of 2014, it said in a statement.
DIB’s net interest margin would stay at around 3.6 per cent in 2015, the bank’s chief executive said.
The bank’s net profit for 2014 was Dhs2.8 billion.
The markets of Saudi Arabia, Kuwait, Oman and Bahrain are closed on Sunday because of King Abdullah’s death.
Gulf banks have recorded much improved net profit numbers in 2014 driven by higher loan growth, increased non-interest income and reduced provision charges.
In December, Tasnee bought 13 per cent in Cristal – one of the world’s largest producers of titanium dioxide – for SAR1.8 billion.
The fund holds stakes in Bahraini companies including Aluminium Bahrain, Gulf Air and Batelco.
Analysts believe GCC governments will be able to use huge financial reserves to keep state spending high.
The Gulf country is expected to see a growth of 3.5 per cent for 2015 and 2016, according to IMF’s latest update.
Sarie Ahmed Arar, currently the executive vice president of wholesale banking, will assume the role of acting CEO.
A Tier 1 capital-boosting bond was its preferred method, the bank said.
Saudi Arabia’s main index was nearly flat while Egypt’s bourse rose 1.2 per cent.
Economies such as Qatar, Iraq, Libya and Saudi Arabia will be hit hardest by the more than 50 per cent decline in petroleum prices, the IMF said.
GDP, adjusted for inflation, grew two per cent from Q4 2013, down from 2.4 per cent in the third quarter.
Business confidence was notably down in oil producing countries across the world due to falling crude prices, the survey said.
The firm is seeking a three-month extension to a debt repayment due at the end of 2014.
The company made a net profit of Dhs3.68 billion ($1 billion) in 2014, up from Dhs2.57 billion in 2013, its chairman said.
The new loan also has more favourable pricing and conditions than the existing deal.
The bank said that it would seek shareholder approval to issue Tier 1 capital instruments worth $549 million.
The bank declared a cash dividend of QAR4 per share for 2014.
Kingdom made a net profit of SAR266 million ($70.84 million) in the last quarter of 2014.
The company reported a net profit of SAR376 million for the last quarter of 2014.
The loan is expected to help fund the company’s general corporate needs and growth plans, the company said in a statement.
Net profit for 2014 gained 3.1 per cent year on year to QAR1.35 million.
As part of the deal, Aabar will sponsor the team’s pre-season training camp and receive a certain portion of match-day advertising.