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# Ahlibank Qatar reports FY2024 net profit of QAR 891.6 million, up 6.6%, proposes 25% cash dividend
- URL: https://www.theglobalbanker.com/ahlibank-qatar-reports-fy2024-net-profit-of-qar-891-6-million-up-6-6-proposes-25-cash-divi/
- Published: 2025-01-20T05:00:00.000Z
- Updated: 2026-09-29T12:42:18.000Z
- Description: Ahlibank's 2024 profit rose from QAR 836.5 million a year earlier, and its board recommended a 25% cash dividend subject to Qatar Central Bank and shareholder approval.
- Author: TGB Editorial Team
- Tags: Banking News, MENA, #archive

Ahlibank Qatar reported on 19 January 2025 a net profit of QAR 891.6 million for 2024, up 6.6% from QAR 836.5 million in 2023.

Based on the results, the board of directors recommended a cash dividend of 25%, subject to approval by Qatar Central Bank and by shareholders at the forthcoming general assembly. The full-year figure followed a 5.2% rise in net profit to QAR 647 million for the first nine months of 2024, reported in October.

#### STRATEGY AND RATINGS

Chief Executive Hassan Ahmed AlEfrangi said: “The bank delivered robust financial results, underpinned by improved profitability and strengthened financial indicators.” He added: “Ahlibank remains steadfast in implementing its strategic objective by offering innovative banking solutions and exceptional customer service.” AlEfrangi said the bank had embraced advanced technologies in customer service, in line with Qatar Central Bank's Third Financial Sector Strategy, and had prioritised the development of Qatari talent for future leadership roles during 2024\. “Our successful Qatarisation efforts align closely with Qatar National Vision 2030,” he said.

AlEfrangi also pointed to the deployment of advanced monitoring systems and fraud prevention measures to protect customer information and transactions. The bank is rated A2/P1 by Moody's and holds a long-term issuer default rating of A from Fitch.

Chairman Sheikh Faisal bin AbdulAziz bin Jassem al-Thani said that, 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.” He added that the bank remained focused on corporate social responsibility, contributing to community welfare and environmental preservation.