QIIB first quarter net profit tops QR280mn

QIIB chairman and managing director Sheikh Dr Khalid bin Thani bin Abdullah al-Thani and QIIB chief

* QIIB’s total assets at the end of Q1, 2021 increased by 3.5% to QR62.3bn; “We are pleased with the bank's continuing performance amid the challenges," noted chairman and managing director Sheikh Dr Khalid bin Thani bin Abdullah al-Thani QIIB posted a first quarter net profit of QR280.7mn compared to QR267mn in Q1,2020, which indicates a growth rate of 5.1%. The leading Islamic bank’s results were announced by its chairman and managing director Sheikh Dr Khalid bin Thani bin Abdullah al-Thani after a meeting of QIIB Board of Directors on Tuesday night. Sheikh Dr Khalid bin Thani said, “We are pleased with the bank's continuing performance amid the challenges. It is clear that QIIB was able to adapt its strategy to the latest market developments and benefit from the great potentials of the Qatari economy in all fields and sectors, with the support, patronage and guidance of His Highness Sheikh Tamim bin Hamad al- Thani, the Amir of the State of Qatar".