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
Archives: News
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
Trading of Qatar First Bank (QFB) stock will be suspended on Monday 23/12/2019 to complete capital reduction process
Qatar Stock Exchange (QSE) announces that trading of QFB’s stock will be suspended on Monday 23/12/2019 for a period of one day in order to implement the capital reduction process aimed to extinguish losses encountered by the bank. However, trading of QFB’s stock will be resumed on Tuesday 24/12/2019. It is worth noting that the… Continue reading Trading of Qatar First Bank (QFB) stock will be suspended on Monday 23/12/2019 to complete capital reduction process
QFB announces implementing reduction of Paid-Up Capital
QFB announces that it has completed obtaining all the necessary approvals to implement the process of reducing the share capital. These documents include obtaining approval on the amended articles of association by the Qatar Financial Center and an extract of the new commercial register reflecting the new paid-up capital. Accordingly, and upon coordination with the… Continue reading QFB announces implementing reduction of Paid-Up Capital
QFB announces net profit for the third Quarter
Qatar First Bank L.L.C. (Public) “QFB”, a leading Shari’ah compliant bank based in Qatar, regulated by QFCRA and listed on the Qatar Stock Exchange (QSE), released its financial results for the three-months period ended 30th September 2019. According to the released financials, QFB reported a net profit of QAR 1.54 million attributable to equity holders… Continue reading QFB announces net profit for the third Quarter
Qatar First Bank held adjourned EGM
Qatar First Bank L.L.C. (Public) “QFB”, held its adjourned Extraordinary General Meeting (EGM) yesterday to discuss and approve few special resolutions at QFB Lounge premises in Doha – Qatar with the attendance of QFB’s Board of Directors, chaired by Chairman Sheikh Faisal bin Thani Al Thani, along with shareholders and attendees of the EGM. Upon… Continue reading Qatar First Bank held adjourned EGM
