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CBQ profits surge 71pc

Qatar, January 21, 2008

Commercial Bank of Qatar confirmed profit last year rose 61 percent to 1.39 billion riyals ($382.1 million) and said it would sell stock to existing shareholders to raise 3.83 billion riyals.

Net income in 2006 was 863 million riyals it said.

Qatari newspapers, including the Gulf Times, reported the results earlier on Monday, citing a bank statement. -Reuters




Tags: Qatar | CBQ |

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