QIIB considers semi-annual dividend distribution for shareholders
The Peninsula
Doha, Qatar: The Board of Directors of Qatar International Islamic Bank (QIIB) has announced plans to discuss the potential distribution of semi annua...
Doha, Qatar: The Board of Directors of Qatar International Islamic Bank (QIIB) has announced plans to discuss the potential distribution of semi-annual dividends to shareholders.
This discussion will take place at their upcoming meeting, which will review and approve the semi-annual financial results for the period ending June 30, 2024.
Sheikh Dr Khalid bin Thani bin Abdullah Al Thani, Chairman of the Board of Directors of Qatar International Islamic Bank (QIIB), stated that the Board of Directors, in their meeting held this evening, has discussed a proposal to be included and discussed in the agenda of the forthcoming Board meeting, scheduled for the evening of Sunday, July 21, 2024.
The proposal includes the possibility of distributing semi-annual cash dividends to shareholders. This move comes as a culmination of steps previously initiated following the amendment of the QIIB’s Articles of Association to include a provision allowing the Board of Directors, based on their decision, to make quarterly or semi-annual distributions.
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