QIIB Shareholders Approve Strong 2025 Results, Strategic Growth Initiatives at AGM

Qatar International Islamic Bank (QIIB) convened its ordinary general assembly meeting for the fiscal year 2025 on Thursday under the chairmanship of Sheikh Khalid Thani Abdullah Al Thani, chairman of the bank’s board of directors.

The meeting, which achieved the required legal quorum, witnessed shareholders approving all agenda items, reflecting strong confidence in the bank’s financial performance and future strategy.

The general assembly endorsed the board of directors’ report on the bank’s activities and financial position for the year ended December 31, 2025, along with its forward-looking plans. The shareholders also approved the financial statements, profit and loss accounts, the external auditor’s report, and the governance report, in addition to the Sharia Supervisory Board’s report for the year.

QIIB delivered a solid financialperformance in 2025, reporting a net profit of QR1.35 billion, representing a growth of 7.2 percent compared to the previous year. The bank’s total assets rose to QR62.6 billion, while total equity increased to QR10.1 billion.

Its capital adequacy ratio stood at a strong 20.1 percent, significantly exceeding regulatory requirements. In light of these results, shareholders approved the board’s recommendation to distribute cash dividends amounting to 53 percent of the bank’s capital, equivalent to 53 dirhams per share. After deducting the interim dividend already distributed, the remaining 29 percent will be paid to shareholders.

During the meeting, the general assembly approved the discharge of board members from liability for the fiscal year and endorsed the remuneration framework for board members. Shareholders also approved the appointment of 11 members to the board of directors for the 2026–2028 term, representing leading institutions including Medicare Group, Inma Holding Company, and Qatar Islamic Insurance Group, alongside independent members. Following the AGM, the newly elected board convened and reappointed Sheikh Khalid Thani Abdullah Al Thani as chairman, while Sheikh Abdullah Thani Abdullah Al Thani was named vice chairman and managing director.

The assembly also approved a series of strategic financing initiatives aimed at strengthening the bank’s capital base and supporting future growth. These included the renewal of the bank’s Sukuk issuance programme valued at $2 billion, the issuance of new Tier 1 capital Sukuk of up to $500 million, and the establishment of a Sukuk programme denominated in Qatari riyals with a ceiling of $2 billion. These initiatives are subject to regulatory approvals from the Qatar Central Bank.

In his address to shareholders, Sheikh Khalid highlighted that the year 2025 underscored the resilience and strength of Qatar’s economy under the leadership of Sheikh Tamim bin Hamad Al Thani.

He noted that QIIB successfully aligned its performance with the country’s economic progress, achieving steady growth and reinforcing its position within the banking sector. He emphasised the bank’s continued focus on the domestic market and its commitment to financing projects across various sectors, particularly small and medium-sized enterprises, which play a crucial role in economic diversification.

Sheikh Khalid also pointed to the bank’s significant progress in digital transformation, with QIIB enhancing its technological capabilities and expanding its digital services in line with global trends. These efforts have improved operational efficiency and customer experience while opening new avenues for growth.

QIIB Chief Executive Officer Dr Abdulbasit Ahmed Al Shaibei highlighted that the bank maintained a cost-to-income ratio of 18.6 percent, among the best in the sector, while preserving strong asset quality with a non-performing financing ratio of 2.9 percent and full coverage. Customer deposits grew to QR43.3 billion, reflecting strong confidence in the bank, while net financing assets reached QR42 billion.

He further noted that 2025 marked a milestone with the issuance of QIIB’s first local currency Sukuk, which was listed on the Qatar Stock Exchange, reinforcing the bank’s role in developing the Islamic capital market in Qatar. The bank also received several prestigious awards and recognition, including from the NationalCybersecurity Agency for obtaining the National Information Assurance certification.

QIIB continued to strengthen its commitment to environmental, social, and governance principles, expanding responsible financing solutions and supporting community initiatives across education, healthcare, and environmentalsectors.

The bank also maintained a strong presence in sports sponsorship, supporting major events such as the FIFA Arab Cup Qatar 2025 and the FIFA Intercontinental Cup Qatar 2025, in line with Qatar’s vision to promote sports and community well-being.

Looking ahead, QIIB remains focused on sustaining its growth momentum through strategic investments, innovation, and adherence to strong governance practices. The AGM concluded with the appointment of KPMG as external auditors for the fiscal year 2026, reinforcing the bank’s commitment to transparency and international bestpractices.