lisha Bank Achieves Record-Breaking Growth in 2024, Announces 5% Cash Dividend
Lisha Bank LLC (Public), a leading Sharia-compliant investment bank, has announced its financial results for the year ending December 31, 2024, marking a year of extraordinary growth and profitability. The bank reported a net profit of QAR 128.2 million, reflecting a remarkable 36% increase compared to the previous year. This achievement underscores the bank’s strategic vision and operational excellence in navigating dynamic market conditions.
The Board of Directors has proposed distributing cash dividends of 5% of the nominal value of the share, equivalent to QAR 0.05 per share,pending approval from regulatory authorities and the Bank’s general Assembly. This move highlights the bank’s commitment to delivering value to its shareholders.
Strategic Initiatives Drive Success
Lisha Bank’s success in 2024 was fueled by the introduction of high-value products across key sectors, including aviation, real estate, education, and hospitality.The bank’s focus on enhancing operational efficiency, expanding its customer base, and targeting high-growth regional and developed markets has been instrumental in achieving strong financial performance.The bank’s diversified investment portfolio saw a significant 39% growth in total assets under management, reaching QAR 8.6 billion. This growth reflects the strength of its fee-based business model and the increasing demand for tailored investment solutions for individuals and institutions.
Financial Highlights
Lisha Bank’s total assets grew by 8% to QAR 6.8 billion, while total investments increased by 12%, rising from QAR 3.0 billion to QAR 3.3 billion. The bank’s total equity also saw a 9% year-on-year increase, reaching QAR 1.3 billion.
Total income surged by 39% to QAR 271 million,driven by higher returns from deposits,distributed dividends,and investments in sukuks. The bank achieved a return on average equity of 9.94% and a return on average assets of 1.95%. Additionally, the book value per share rose to QAR 1.20, while earnings per share reached QAR 0.114.
Leadership Insights
His Excellency Sheikh Faisal bin Thani Al Thani, Chairman of the Board of Directors, commented, “The year 2024 represented a fundamental turning point in the Bank’s journey, as it demonstrated our superior ability to adapt to changing market dynamics, without deviating from our established principles that are based on operational excellence, diversity, and maximizing added value to stakeholders.”
Mr. Mohammed Ismail Al Emadi, CEO of Lisha Bank, added, “The bank’s performance this year reflects the depth of our strategic vision and our disciplined approach to achieving lasting growth. Thanks to our focus on diversifying sources of income, efficient cost management, and investing in our global network, we have succeeded in achieving exceptional results.”
notable Achievements
In 2024, Lisha Bank executed several high-impact acquisition deals, including the acquisition of Barika Bank in Kazakhstan and five Boeing 777-300 IS aircraft leased to a leading airline. The bank also invested in luxury properties in the USA and Qatar, and expanded its portfolio through strategic partnerships in the UK’s education sector and integrated payments technologies.
The bank launched two new business pillars: asset management and investment banking consulting.These initiatives earned Lisha Bank a spot among the top 30 asset managers in the Middle East, according to Forbes, and the title of Best Real Estate Investment Manager in Qatar at the Euromoney Real Estate Awards.
Key Financial Metrics (2024)
| Metric | 2024 Value | Growth |
|—————————–|———————-|————|
| Net Profit | QAR 128.2 million | 36% |
| Total Assets | QAR 6.8 billion | 8% |
| Total Investments | QAR 3.3 billion | 12% |
| Total Income | QAR 271 million | 39% |
| Assets Under Management | QAR 8.6 billion | 39% |
Looking Ahead
As Lisha Bank continues to build on its momentum, it remains committed to exploring opportunities that support its vision of sustainable and impactful growth. with a strong foundation and a clear strategic direction, the bank is poised to achieve its aspiring goals in the years to come.
For more details, visit the bank’s official website to access the full press release and financial statements.
