Monday 17, July 2017 by William Mullally

Al Khaliji reports H1 results

His Excellency Sheikh Hamad Bin Faisal Bin Thani Al Thani, Chairman and Managing Director stated, “al khaliji’s good results reflect the strength of our business and fortitude of our team. We continue to deliver on our strategic objectives, and little has changed in this regard, despite the current challenges. The bank is a highly rated institution head quartered in Qatar whose economy is very strong with huge reserves. al khaliji has a strong and bright future.”

Al Khalij Commercial Bank (al khaliji) P.Q.S.C., announced its financial results for the first six months of 2017, reporting a Net Profit of QAR 319.8 million. This was driven by growth of 3.4 per cent in operating income, effective cost management leading to lower operating expenses and prudent provisioning on the credit portfolio.

His Excellency Sheikh Hamad Bin Faisal Bin Thani Al Thani, Chairman and Managing Director stated, “al khaliji’s good results reflect the strength of our business and fortitude of our team. We continue to deliver on our strategic objectives, and little has changed in this regard, despite the current challenges. The bank is a highly rated institution headquartered in Qatar whose economy is very strong with huge reserves. al khaliji has a strong and bright future.”

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