QNB Group announced at its Ordinary General Assembly that financial results for 2013 were approved. The General Assembly also ratified all remaining items on its agenda including the proposal by The Board of Directors to distribute a cash dividend of 70% of the nominal share value, representing QAR 7 per share. The meeting also approved the appointment of Ernst & Young as External Auditors for the year 2014.
His Excellency Ali Shareef Al Emadi, Chairman, QNB Group’s Board of Directors
During the meeting, His Excellency Ali Shareef Al Emadi, Chairman, QNB Group’s Board of Directors, presented both an overview of the Bank’s activities and financial results for 2013 and answered shareholders’ questions on a range of subjects.
H.E Ali Shareef stated that QNB Group’s success in maintaining momentum across all its activities was reflected in the strong 2013 financial results. He also provided an overview of the Bank’s business plans for 2014. Diversifying income sources and expanding the range of activities across the QNB Group was of primary focus. “With the acquisition of QNB ALAHLI, Egypt’s second largest private bank and the entry into Asia’s leading markets, China and India, QNB Group’s global footprint has increased to 26 countries with over 13,600 employees, operating from 590 locations and an ATM network of over 1,240 machines.”
QNB Group’s performance in 2013 was reflected in the delivery of record financial results. Net Profit rose to QAR 9.5 billion, an increase of 13.7% over 2012 and Total Assets increased by 20.9 % to reach QAR 443 billion