Qatar Business

DOHA: ABN Corporation hosted a remarkable event spotlighting Magna Tyres at the Crowne Plaza Doha – The Business Park. The event featured a corporate video and an insightful technical presentation by Hein de Wind, Commercial Director of Magna Tyres Group, and Vijay Nambiar, Managing Director of Magna Tyres Middle East & Africa. Nambiar also led the interactive Q&A session, addressing dealer queries and sharing key perspectives. Shivadas K.C., Assistant Sales Manager, represented Magna Tyres during the discussions. The evening concluded with a thrilling raffle draw and a networking dinner, reaffirming the commitment to fostering innovation and collaboration in the region.

Qatar Business

DOHA: Dukhan Bank announced its financial results for the year ended31December 2024,reporting a record net profit of QR1.34bn, representing a 3% growth compared to the last year. Commenting on the Bank’s achievements, Sheikh Mohammed bin Hamad bin Jassim Al Thani (pictured), Chairman of Dukhan Bank, said: “We take great pride in our sustained track record of exceptional performance, a testament to our unwavering commitment to delivering unparalleled value to our customers, stakeholders, and the nation at large. Over the past year, we have ascended to unprecedented milestones, demonstrating the strength and adaptability of our business models. Despite external challenges, we have upheld institutional stability, further solidifying our position as a cornerstone of progress and innovation. We continue our journey with a renewed focus on expanding our digital capabilities and services, investing in cutting-edge technology to enhance the customer experience and simplify banking services, making them accessible anytime, anywhere. As we look to the future with confidence and ambition, we reaffirm our commitment to building on our strengths, relentlessly pursuing new growth opportunities, fostering innovation, and delivering greater value to our stakeholders. At the same time, we aim to expand our market share while achieving responsible and sustainable growth that aligns with the needs of society and the environment.” After reviewing current year’s financial performance, with an assessment of the present and anticipated liquidity position, and considering the prevailing and future macroeconomic conditions along with the business outlook, the Board of Directors has proposed an additional cash dividend distribution of 8% of the nominal share value (equivalent to QR0.08 per share), subject to the approval of Qatar Central Bank and shareholders at the Annual General Assembly meeting. The proposed dividend combined with the interim dividend takes the total dividend distribution for the financial year 2024 to 16% of nominal share value (equivalent to QR0.16 per share).

Qatar Business

DOHA: The Ministry of Finance hosted the Qatar-France Strategic Joint Economic and Financial Dialogue Subcommittee meeting last Thursday. Representing Qatar, Dr Saud Abdullah Al Attiyah, Deputy Undersecretary for Economic Affairs at the Ministry of Finance, chaired the meeting alongside Magali Cesana, Head of the Bilateral affairs and international business Development Department, at the French Treasury within the Minister for Economy, Finance and Industry, for the French Republic. The meeting addressed bilateral relations, particularly in the financial and economic domains, as well as joint Qatar-French initiatives to provide financial aid to developing countries. Discussions also explored investment opportunities in strategic sectors, food security, public-private sector partnerships frameworks and collaborative ventures within the digital sector