Al Khaliji (KCBK), a leading bank in Qatar, has reported a net profit of QR290.5 million ($79.7 million) for the first half (H1) of 2013, reflecting an increase of 11 per cent over the QR261.9 million of the same period in 2012.
Qatar-based Al Khaliji bank said the company board has approved the distribution of QR1 per share as cash dividends, representing 10 per cent of the bank’s paid-up capital.
Announcing this on Wednesday, Al Khaliji chairman and MD Sheikh Ha
Al Khaliji Bank said it is running a security awareness campaign for its customers to protect themselves against fraudulent activities despite the unique anti-fraud security system installed on its ATMs.
Given the current heightened fraud
The Bahrain Financial Harbour (BFH) is preparing for the arrival of its first tenants within the next two weeks, the chief developer of the project said yesterday.
'We are galvanising for the arrival of the first three companies - Servcorp
Al Khaliji, the new Doha-based bank, has allocated shares following last month’s highly successful Initial Public Offering (IPO).
The IPO, which closed on the April 29, attracted 86,547 Qatari investors, who applied for shares worth QR1.37