QNB approves cash dividend, bonus shares

Qatar National Bank (QNB) announced that its Ordinary General Assembly has approved a cash dividend of 40 per cent of the nominal share value (QR4.0 for each share).

In addition, the board’s recommendation to issue bonus shares comprising 30 per cent of the share capital to shareholders, has also been approved.

The General Assembly also elected five members from the private sector to the board to serve a three-year term. These members include Sheikh Jassem Bin Abdulaziz Bin Jassem Bin Hamad Al-Thani, Sheikh Hamad Bin Abdullah Bin Khalifa Al-Thani, Ali Hussain Ali Al-Sada, Bader Abdullah Darwish Fakhro and Fahad Mohammed Fahad Buzwair.

The General Assembly also approved the appointment of KPMG as external auditors for the year 2010.

Tags: Approves, bonus, cash, dividend, QNB, shares