The net profit of Qatar International Islamic Bank (a Qatari public shareholding company) increased by 7.1 percent in the first quarter of 2023 to reach 316 million riyals, compared to 295 million riyals at the end of the first quarter of 2022.
Figures issued by the bank today indicated that the earnings per share amounted to 0.21 riyals in the first quarter of the year 2023, compared to a profit per share that amounted to 0.19 riyals per share in the same period last year.
His Excellency Sheikh Abdullah bin Thani bin Abdullah Al Thani, Chairman of the Board of Directors of QIIB, said that QIIB’s results during the first quarter of this year showed remarkable progress, and maintained growth for which the bank’s results have always been known, based on the strong local business environment that provides us with the necessary opportunities. To achieve stable and continuous growth. He added that the positive indicators in the market and the great confidence enjoyed by the State of Qatar help us move forward, and cast a shadow that reflected positively on the business sector in the first quarter, and the good management of the supervisory authorities in the banking sector is reflected in this sector, which gives Qatari banks many competitive advantages that help them. in achieving the best targeted results.
For his part, Dr. Abdulbaset Ahmed Al-Shaibi, CEO of QIIB, said that the bank will continue its efforts during the coming period to achieve the targeted growth figures, and implement the necessary plans to enhance growth in the indices, based on that on its high financial merit, while responding to the challenges facing it. Market and various competition factors.
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