ArabFinance: The ordinary general meeting (OGM) of Qatar National Bank Alahli (QNB Al Ahli) (QNBA) has approved the distribution of EGP 0.75 per share in cash dividends for the year 2021, according to a filing to the Egyptian Exchange (EGX) on Tuesday.

Earlier in March, the bank’s board of directors amended its dividend proposal to be EGP 0.75 per share, instead of EGP 1.3.

It is worth noting that QNB Al Ahli reported a 2% year-on-year (YoY) increase in its consolidated net profit for the year ended December 31st 2021.

QNB Alahli, formerly National Societe Generale Bank, is an Egypt-based bank that offers corporate and retail banking to corporate, and medium and small enterprises, as well as individuals.

The bank is organized into three business segments: retail banking, corporate and investment banking, and Tawazon Fund.