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MarketScreener Homepage  >  Equities  >  DOHA SECURITIES MARKET  >  Qatar Islamic Bank    QIBK   QA0006929853

QATAR ISLAMIC BANK

(QIBK)
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Qatar Islamic Bank : QIB to implement stock split Thursday

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06/12/2019 | 03:38pm EDT

Qatar Islamic Bank (QIB) has said its stock split will be executed at the end of Thursday's trading session.

"Thus, starting from Sunday (June 16, 2019), QIB shares will be traded based on the new adjusted position," a bank spokesman said. The stock split is based on the decision of the Qatar Financial Market Authority to split the stock of companies and legal entities listed on the Qatar Stock Exchange so that the nominal value of companies’ shares will become QR1 per share instead of QR10 a piece and the number of shares will increase 10 times the existing levels. With the reduction in the nominal value of the share, the total number of shares would increase from 236.29mn to 2.36bn; even as the paid up capital will not change and remain at QR2.36bn. As for QIB shareholders, they don't need to do anything as the numbers of shares they hold will automatically be adjusted on Sunday.

(c) Gulf Times Newspaper 2019 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (QAR)
Sales 2019 4 730 M
EBIT 2019 3 568 M
Net income 2019 2 641 M
Debt 2019 -
Yield 2019 3,05%
P/E ratio 2019 15,04
P/E ratio 2020 14,36
Capi. / Sales 2019 8,51x
Capi. / Sales 2020 7,92x
Capitalization 40 241 M
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Mean consensus UNDERPERFORM
Number of Analysts 6
Average target price 12,1  QAR
Spread / Average Target -29%
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Managers
NameTitle
Bassel Gamaludin Mohamed Ali Group Chief Executive Officer
Jassim Hamad Jassim Jabr Al-Thani Chairman
Gourang Hemani Chief Financial Officer
Mohammad Issa Hamad Al-Hassan Al-Mohannadi Non-Independent Non-Executive Director
Abdul Rahman Abdullah Abdul Ghani Nasser Non-Independent Non-Executive Director
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