Masraf Al Rayan Net Profit Increases by 8 Percent in 2023

Doha, January 23 (QNA) - Masraf Al Rayan saw a net profit of QR 1.451 billion, an eight-percent increase compared to QR 1.344 billion in 2022. The financial statements revealed that Earnings Per Share (EPS) reached QR 0.151 in 2023 versus QR 0.14 in 2022. At the annual general assembly meeting, the bank's Board recommended (subject to QCB approval) the distribution of a cash dividend of 10 percent of the nominal share value (QAR 0.10 per share). (QNA)