QNB Group’s six-month Net Profit surged to QAR 8.2 billion

Key Highlights 

•  Net Profit reached QAR8.2 billion, up by 7% from June 2023. 
•  Total Assets reached QAR1,261 billion, up by 5% from June 2023. 
•  Loans and Advances reached QAR879 billion, up by 7% from June 2023. 
•  Customer Deposits reached QAR891 billion, up by 6% from June 2023. 
•  Earnings per share reached QAR0.82, up by 8% from June 2023. 
•  Total Equity reached QAR110 billion, up by 6% from June 2023. 
•  Moody’s and Fitch upgraded QNB’s credit ratings to Aa2 and A+, respectively. 

 Proposed Interim Cash Dividends 

 Interim Cash Dividends of 33% of the nominal value of the share, payable to eligible shareholders as at the close of trading on 17 July 2024.