With a solid strategic direction under the new leadership, Qatar First Bank registers the highest ever Net Profit in the previous 6 years Qatar First Bank LLC (Public) (“QFB” or “Bank”) announced its financial results for the year ending 31 December 2021, recording the Bank’s highest ever net profit attributable to equity holders of the… Continue reading Qatar First Bank Achieves Net Profit attributable to equity holders of the bank of QAR 100.37 million for the Year Ended 31st December 2021
Archives: News
Qatar First Bank acquires The HQ of “Huntsman International” 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 the acquisition of Waterway Plaza I, a class A+ office tower spanning more than 223,0000 square foot located in suburban Houston, Texas, USA. Waterway Plaza I marks… Continue reading Qatar First Bank acquires The HQ of “Huntsman International” located in Texas
Qatar First Bank acquires LULU Messila hypermarket building with its intention to establish a strong local presence in the Qatari Market
Qatar First Bank (QFB), the first independent Shari’ah compliant bank authorized by the QFC Regulatory Authority (QFCRA) and a listed entity on Qatar Stock Exchange (QSE: QFBQ), announced the completion of QAR 262.5 million acquisition of the retail hypermarket building in Messila thereby cementing the Bank’s presence within the local real estate market. The property… Continue reading Qatar First Bank acquires LULU Messila hypermarket building with its intention to establish a strong local presence in the Qatari Market
Qatar First Bank Announces Acquisition of The Grand 2 at Papago Park Center – A Class A Office Building Fully Leased by DoorDash Inc.
Qatar First Bank LLC (QSE: QFBQ) today announced it has acquired The Grand 2 at Papago Park Center, a 358,800 square foot newly completed state-of-the-art Class A office building that is 100% leased to DoorDash under a 15-year triple net lease (NNN), located in Tempe, Arizona – United States, part of the metro Phoenix market.… Continue reading Qatar First Bank Announces Acquisition of The Grand 2 at Papago Park Center – A Class A Office Building Fully Leased by DoorDash Inc.
QFB announces third quarter financial results
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
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
