Ahlibank posted a net profit of QR891.6mn in 2024, up 6.6% on the previous year.

In 2023, the bank had registered a net profit of QR836.5mn.

Based on the achieved results, Ahlibank’s Board of Directors recommended a cash dividend of 25% subject to approval of the Qatar Central Bank, and the shareholders during the upcoming General Assembly.

Hassan Ahmed AlEfrangi, CEO, Ahli Bank stated: “The bank delivered robust financial results, underpinned by improved profitability and strengthened financial indicators.”

AlEfrangi added: “Ahlibank remains steadfast in implementing its strategic objective by offering innovative banking solutions and exceptional customer service. We have also embraced advanced technologies in customer service, aligning with Qatar Central Bank’s Third Financial Sector Strategy.”

Speaking on Qatari national talent development, the CEO noted, “In 2024, we prioritised the development of Qatari talent to prepare them for future leadership roles. Our successful Qatarisation efforts align closely with Qatar National Vision 2030.”

He highlighted the bank’s commitment to security stating: “We continue to enhance the protection of customer information and financial transactions through deploying advanced monitoring systems and robust fraud prevention measures.”

“The bank’s performance is further supported by its high international credit ratings, including A2/P1 from Moody’s and a Long-Term Issuer Default Rating (IDR) of ‘A’ from Fitch,” AlEfrangi said.

Sheikh Faisal bin AbdulAziz bin Jassem al-Thani, Chairman, Ahlibank, reiterated the bank’s commitment to sustainability, stating: “In accordance with Qatar Central Bank guidelines, Ahlibank remains committed to integrating environmental, social, and governance (ESG) practices as a core part of its strategy. Through a clear roadmap for ESG initiatives, Ahlibank aims to promote sustainable development in the years to come.”

The Chairman added, “As a vital part of the Qatari community, we remain focused on corporate social responsibility, contributing to community welfare and environmental preservation. On behalf of the Board of Directors, I extend my gratitude to our customers, shareholders, employees, and Qatar Central Bank for their continued trust and support.”