Commercial Bank of Qatar (Commercialbank) has posted a record net profit of QR1.88bn, up 15 percent, for the year ended December 2011 with an increase in fourth quarter net profit of 22 percent compared with the same period in 2010.
The Bank’s draft results for the year ended December 31, 2011, have been announced following approval at a meeting of Commercialbank’s Board of Directors. The Board of Directors is recommending, for approval at the Annual General Assembly, a cash dividend payout of 78 percent of net profit which equates to QR6 per share……………………………………….Full Article: Source