17-07-2024
The Board of Directors of Masraf Al Rayan Q.P.S.C (“MAR”) announced that MAR will start implementing the interim dividend principle and recommended to MAR shareholders to approve the amendment of MAR’s Articles of Association to authorize the Board to do so subject to necessary regulatory approvals.
His Excellency Sheikh Mohammed Bin Hamad Bin Qassim Al Thani, Chairman of the Board stated:
“We are pleased to announce the implementation of the interim dividend principle on the terms and conditions set forth under the applicable laws and regulations and subject to shareholders and concerned regulatory approvals. This decision aims to support the national economy in line with the fundamental principles of Qatar National Vision 2023.”
Fahad Bin Abdulla Al Khalifa, Group Chief Executive Officer said:
“We will start implementing the interim dividend principle upon completing the amendment of our Articles of Association and obtaining the necessary regulatory approvals. This step aims to promote the investor trust in the market and the financial performance of the bank and its ability to deliver attractive returns to shareholders.”