VOL. XLII

No. 05

1-February-1999

QATAR

CBQ Proposes $8.7Mn Dividend

The Commercial Bank of Qatar (CBQ) announced on 26 January,following a meeting of the Board of Directors, that a dividend of QR31,640,600($8,691,279 20% of the banks capital) has been proposed and recommended forapproval by the annual general meeting of shareholders at the upcomingassembly. The issue and distribution of additional shares to existingshareholders on the basis of one new share for each four currently held wasalso...