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QNB Group, the largest financial institution in the Middle East and Africa, held its Ordinary General Assembly meeting (OGM) on January 31, during which it approved the Group’s audited financial statements for 2020.
The Ordinary General Assembly approved a proposal by the board of directors to distribute a cash dividend of 45 percent of the nominal share value representing QR0.45 per share.
The board of directors agreed upon the appointment of KPMG as external auditors for the year 2021 during the meeting.
QNB Group Chairman HE Ali Shareef Al-Emadi discussed the Group’s financial results for 2020, and shared an action plan for 2021.
For the year ended December 31, 2020, the Group delivered a net profit of QR12 billion. Total assets exceeded QR1 trillion, up by 9 percent from last year.
QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services.
The total number of employees is more than 28,000 serving 20 million customers operating through 1,000 locations, with an ATM network of more than 4,300 machines. (TNN)
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