DOHA: Commercial Bank, one of the leading full service banks in Qatar, will begin the season of dividend distributions by again providing an experienced and skilled collection system for the convenience of publicly listed companies’ shareholders, the bank said in a statement yesterday.
Commercial Bank offers several dividend collection methods at all its 29 branches; represented in cash, cheque, and deposit into Commercial Bank accounts; or by transfer to any local or international bank accounts. The commencement of distributing the dividends will be announced in due course.
Customers can visit any Commercial Bank branch to inquire about their dividend’s history and have the option to receive it in cash, cheque and or a bank transfer for eligible dividends for previous years. If they have a Commercial Bank account, they can simply call the dividend hotline available 24/7 to credit their dividends into their account with Commercial Bank hassle free.
For a local bank transfer, it will usually take up to two business days from the actual instruction date. One can also visit any of the mall branches in City Centre, Villagio, Landmark, Hyatt Plaza and Dar Salam Mall, which provides extended working hours up to 9pm and opened during the weekends. Commercial Bank will announce the commencement of distributing dividends for key publicly-listed companies on the Qatar Exchange in due course.
Commercial Bank EGM, Head of Government Relations, Khalifa Al Rayes said: “Commercial Bank is always looking for creative ideas to innovate the dividend distribution mechanics to allow shareholders to receive their dividends easier and hassle free. We encourage our customers to update their bank details with Qatar Central Securities Depository to allow automatic dividend credit.”
The Peninsula
