Qatar First Bank L.L.C. (Public), a leading Shari’ah compliant bank based in Qatar and listed on the Qatar Stock Exchange (QSE), has released its financial results for the nine-month period ended 30th September 2018 recording a net loss of QAR 425.5 million. Mr. Ayman Zaidan, Head of Treasury and Investment Management, said: After a challenging… Continue reading QFB announces third quarter financial results
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Qatar First Bank acquires BSN Sports’ HQ Building “Varsity Brands” located in Texas
Qatar First Bank (QFB), the first independent Shari’ah compliant bank authorized by the QFC Regulatory Authority (QFCRA) and a listed entity in the Qatar Stock Exchange, has completed a USD$41million acquisition of Varsity Brands, a three story, 135,0000 square foot building in Texas, USA, adding another income-generating real estate asset to its portfolio of investments.… Continue reading Qatar First Bank acquires BSN Sports’ HQ Building “Varsity Brands” located in Texas
QFB announces half-year 2020 financial results
• Efficient risk management framework and cautious liquidity measures aided QFB to successfully upheld macro-economic challenges • QFB applauds the strength and security that Qatari economy provided to the banking sector Qatar First Bank (QFB), the first independent Shari’ah compliant bank authorized by the QFC Regulatory Authority (QFCRA) and a listed entity in the Qatar… Continue reading QFB announces half-year 2020 financial results
QFB Board of Directors appoints Mr. Abdulrahman Totonji as ACEO
Qatar First Bank (QFB), the first independent Shari’ah compliant bank authorized by the QFC Regulatory Authority (QFCRA), announced today the appointment of a new Acting CEO (ACEO). Mr. Abdulrahman Totonji is a distinguished talent in business, economics, and investments. He has extensive experience in managing local and international real estate investments, which enables him to… Continue reading QFB Board of Directors appoints Mr. Abdulrahman Totonji as ACEO
QFB discloses first quarter financials
Total income also increased by 7% to QAR 34.2 million as compared with the same period of 2019. Total expenses were decreased by 15% to QAR 22.9 million compared to same period of 2019. Income from structured products has increased by 27% as compared with the same period of 2019. C0onservative provisions amounted to QAR… Continue reading QFB discloses first quarter financials
Qatar First Bank held AGM
Qatar First Bank L.L.C. (Public) “QFB” held its Annual General Meeting (AGM) yesterday to discuss the bank’s performance and future initiatives after releasing its financials for the year ended 31 December 2019 at QFB Lounge premises in Doha, while adhering to all the precautionary measures to ensure the safety of participants. The bank AGM presided… Continue reading Qatar First Bank held AGM
Qatar First Bank announces 2019 year-end financial results
Q4 recorded a net profit of QAR 1.3 million attributable to equity holders of the bank Fee income increased by 103% to 32.3 million compared to QAR 15.9 million in 2018 Bank reduced total expenses by 17.2% compared to 2018 Qatar First Bank L.L.C. (Public) “QFB”, a leading Shari’ah compliant bank based in Qatar, regulated… Continue reading Qatar First Bank announces 2019 year-end financial results
Qatar First Bank successfully exits second sharia-compliant aviation deal
Structured aviation note recorded cash distributions 9% annually paid on quarter-yearly basis and a total IRR of 12% Ayman Zaidan: The bank will continue to build on this success through offering innovative financial solutions to its clients Qatar First Bank, the first independent Sharia-compliant bank authorized by the QFC Regulatory Authority (QFCRA) and a listed… Continue reading Qatar First Bank successfully exits second sharia-compliant aviation deal
Qatar First Bank announces full year financial results
• Full year net loss reduced by 24% • QAR 1.2 million net profit recorded in Q4 attributable to equity holders of the bank • Total expenses reduced by 6.9% • Product related income and other income increased by 58% & 17% respectively Qatar First Bank (QFB), the first independent Shari’ah compliant bank authorized by… Continue reading Qatar First Bank announces full year financial results
Qatar First Bank acquires 90 North Corporate Campus located in Seattle Washington for USD117 millions
Qatar First Bank (QFB), the first independent Shari’ah compliant bank authorized by the QFC Regulatory Authority (QFCRA) and a listed entity in the Qatar Stock Exchange, has completed the $117 million off-market acquisition of 90 North, a four-building, 262k-square-foot office campus located in Bellevue, Washington. The property is fully rented by two tenants T-Mobile and… Continue reading Qatar First Bank acquires 90 North Corporate Campus located in Seattle Washington for USD117 millions
