| From Bloomberg: Qatar Islamic Bank SAQ: The Persian Gulf country’s biggest Islamic lender reported a profit of 1.3 billion riyals ($357 million) last year, compared with 1.32 billion riyals in 2009. The board recommended paying a cash dividend of 5 riyals a share. The shares fell 2 percent to 83.5 riyals.
Qatar National Bank SAQ: The Persian Gulf country’s biggest lender expects its net interest margin to decline by 5 basis points to 10 basis points this year, Chief Financial Officer Ramzi Mari said. The bank has no plans to sell bonds “as of now,” he said. The shares dropped 0.5 percent to 201 riyals..............................................Full Article: Source
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