Latest decisions taken by the shareholders’ General Assembly Meeting:
The 40th Shareholders Ordinary General Assembly Meeting was held on Thursday 28.03.2013, The decisions adopted were as follows:-
-Approval of the Board’s Report for fiscal year 2012 , the Bank’s Financial Statements as of December 31,2012 and theBank’s Action Plan for the year 2013.
-Approval of Board’s recommendation to distribute dividends to shareholders for the year 2012, at the rate of 25% of the par value .
-Board of Directors’ Election :-
·Dr. Michel Issa Mousa Marto
·Shk. AliJassim Mohamed JassimAl Thani
·Qatar National Bank QNB“ Four Board Members”
·Kuwait Real EstateInvestment Consortium” Two Board Members”
·Ministry of Finance Sultanate of Oman“One Board Member”
-Election of Ernst & Young as External Auditors for the Bank’s accounts for the year 2013 with authorization tothe Board to decide their fees.
Other disclosure information:-
-The Board of Directors in it’s meeting held on 28/03/2013, decided the following: -
1.Election H.E.Dr. Michel Issa Marto/ Chairman of the Board of Directors.
2.Election Shk. AliJassim Mohamed JassimAl Thani / Vice Chairman Of the Board of Directors .
-The Bank started the distribution of dividends for the year 2012 on 4. 4.2013at the rate of ( 25% ) of the share par value and this is to be applied on Shareholders as of 28.3.2013
-The Bank has achieved during the first quarter of 2013 profits amounting to JD (36) million, compared with JD (34) million in the period ahead of last year, namely with a growth of (5.8%). Net profits was JD (25.9) million, compared with JD (24.5) million in the period ahead with an increase of (5.7%), “noting that allowances have been realized more than the requirements of the regulatory authority” .
HTBF's Major Financial Indicators (2008 – 2012)
JD million*
Item / Year
2008
2009
2010
2011
2012
Total Assets
5,430.6
6,090.4
6,679.7
6,938.0
7,091.6
Customers’ Deposits
3,764.5
4,430.4
4,808.6
4,833.9
4,727.2
Credit Facilities - Net
2,341.7
2,368.6
2,449.1
2,502.1
2,683.9
Total Equity
911.0
966.5
1,023.9
1,048.6
1,046.7
Gross Income
245.2
260.4
264.0
300.7
327.3
Profit before Income Tax
142.0
97.0
116.4
135.7
142.2
Profit after Income Tax
101.3
66.6
88.4
100.0
104.5
Cash Dividends
63.0
50.4
63.0
63.0
63.0
Basic earnings per share to equity holders of the Bank (EPS)
