Islamic Holding Group's net profit touches QR16.1m

15/01/2015 06:50 AST

The net profit of Islamic Holding Group touched QR16.1m for the full-year 2014, up 78 percent compared to QR9m posted a year ago.

The Group announced the results of its operations for the year 2014 after yesterday's board meeting. The board meeting was chaired by Dr Yusuf Ahmad Al Neama (pictured), Chairman and Managing Director of the Group.

The Group's total earnings per share rose to QR4.02 in 2014, compared to QR2.26 for the same period in 2013. The board recommended the general assembly to distributed a cash dividend of QR3 per share.

"The results confirm that the Group's operations are on the right track and are working to consolidate its position in the local market and works great efforts to upgrade the various activities", Dr Yusuf said. He noted the Group will continue to explore all investment opportunities in various fields and will do all that is necessary for positive interaction with large growth opportunities provided by the national economy.


The Peninsula

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