Company News

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

SIB profit up 9%

Higher income from financing and investment drive growth.

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

Masraf Al Rayan’s 2022 profit dips by 22%

Masraf Al Rayan's 2022 profit dips by 22 percent in 2022.
By TRENDS Desk
January 30, 2023 11:37 am
  • The figures issued by the bank show a decrease in the earnings per share to QR 0.140 per share in 2022
  • The company has recommended a cash dividends of 10 percent of the nominal value of a share

Doha, Qatar – The net profit of Masraf Al Rayan, a Qatari public shareholding company,  declined by 22 percent at the end of 2022, to reach QR 1.34 billion ($0.36 billion), compared to QR 1.718 ($0.46 billion) in the same period of the previous year.

The figures issued by the bank show a decrease in the earnings per share to QR 0.140 per share in the period ending on December. 31, 2022, compared to QR 0.218 in the period from 2021.

The company has recommended a cash dividends of 10 percent of the nominal value of a share. 

Most Read

Environment Agency – Abu Dhabi issues marine water quality policy

ABU DHABI,  UAE – The Environment Agency – Abu Dhabi (EAD) has issued a policy on sustaining marine water quality that reviews the current situation and main challenges related to…

Energy, commodity prices hurt profits of GCC firms

GCC-listed companies' net profit dropped to US$ 57.9 billion in Q2-2023. While retail, capital goods, and utilities sectors faced profit declines, the banking sector thrived.

Exclusive: Private military companies look at $366.8bn market as their demand, role in global conflicts rise

Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality of modern warfare.

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

3 ways travel drives economic growth while enhancing global connections and sustainability

WTTC research shows that, having endured estimated losses of $4.5 trillion and 62 million jobs in 2020 alone, travel and tourism has recovered and is set to reach new heights.…