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Nakilat’s Board Members for New Term of the Next Three Years

Nakilat’s Ordinary General Assembly meeting held on Monday, February 28th, 2022, approved the election of three members to Nakilat’s Board of Director for the next three years as follows:

·       HE Eng. Essa Hilal Al-Kuwari (Independent)

·       Mr. Khalid Said Ali Al-Rumaihi (Independent)

·       Mr. Faisal Abdul Wahid Al-Hamadi (Non-independent – representing Qatar Pension Fund – General Retirement & Social Insurance Authority)

In addition, QatarEnergy and Milaha appointed their representatives on the Board.

Members representing QatarEnergy:

·       Mr. Abdulaziz Jassim Mohd Al-Muftah (Chairman)

·       Mr. Ahmad Saif Al-Sulaiti (Vice Chairman)

Members representing Milaha:

·       Mr. Abdulrahman Essa Al-Mannai

·       Sheikh Hamad Mohamed Al-Thani

 

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Qatar First Bank QFB turns to a net profit of 100.37 million riyals in 2021 and recommends no dividends

Qatar First Bank QFB announced its annual financial statements for the period ending on December 31, 2021, where the net profit amounted to 100,370,000 Qatari riyals, compared to a net loss of 226,712,000 Qatari riyals for the same period in the previous year.
Earnings per share amounted to 0.143 Qatari riyals annually from December 31, 2021, compared to a loss per share of 0.324 Qatari riyals for the same period in the previous year.
The Board of Directors recommends not to distribute dividends.

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Investment Holding confirms that there is no material information or news affecting the increase in trading volume on its shares

Based on the principle of disclosure and transparency, the management of the Qatar Stock Exchange addressed the Investment Holding Company regarding the increase in demand for the company’s shares, and it stated that there is no information or decisions from the company behind the increase in demand for the company’s shares. And it is always keen to adhere to the application of the disclosure policy in all transparency to enable all investors to consult the material news. The company confirmed that an announcement will be made as soon as any order occurs or any decisions are taken that could have any impact on the results of the company’s business and the share price according to the rules and according to the market instructions followed and the principle of transparency.

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Al Meera’s net profit in 2021 drops by 6% to 196.2 million riyals, and it recommends distributing 90% of cash dividends

Al Meera Consumer Goods Company announced its annual financial statements for the period ending on December 31, 2021, where the net profit amounted to 196,257,914 Qatari riyals, compared to a net profit of 209,037,000 Qatari riyals for the same period the previous year.
Earnings per share amounted to 0.98 Qatari riyals annually from December 31, compared to 1.05 Qatari riyals for the same period in the previous year.
The Board of Directors recommended the distribution of cash dividends of 90% of the nominal value of the share (at 0.90 riyals per share).

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Aamal Holding’s net profit in 2021 rises 147% to 304.92 million riyals, and it recommends distributing 5% cash dividends

Aamal Holding Company announced the annual financial statements for the period ending on December 31, 2021, where the net profit amounted to QR 304,927,871 compared to the net profit of QR 123,292,937 for the same period the previous year.
Earnings per share amounted to QR 0.05 per year from December 31, 2021, compared to earnings per share of QR 0.02 for the same period in the previous year.
The Board of Directors is recommending a cash dividend for 2021 of 5% (QR 0.05 per share) upon approval at the Company’s Annual General Meeting to be held on March 28, 2022.