– Recording revenues of QAR 185 million – Reduction of overall expenses by 19.4% – Deposit base totalled QAR 2.8 billion 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 6-month period ended 30th June 2017… Continue reading QFB announces first half results
Archives: News
QFB installs Tamim Almajid mural
In a show of loyalty, support and solidarity with His Highness the Emir, Sheikh Tamim bin Hamad Al-Thani, the wise leadership and the people of Qatar, Qatar First Bank L.L.C. (Public), a leading Shari’ah compliant bank based in Qatar and listed on the Qatar Stock Exchange (QSE), installed “Tamim Almajd” mural. At a signing ceremony… Continue reading QFB installs Tamim Almajid mural
New Qatari Appointments in QFB Senior Management
Al-Khoori: “Unleashing potentials of local talents will enable QFB to best benefit from local market opportunities and contribute to Qatar Vision 2030.” Al-Sahli: “Glad about this appointment and looking to best assist QFB clients and investors.” Qatar First Bank L.L.C. (Public), a leading Shari’ah compliant bank based in Qatar and listed on the Qatar Stock… Continue reading New Qatari Appointments in QFB Senior Management
QFB announces first quarter results
• Recorded revenue of QAR 121.5 million; • Slightly decreased total assets by 3% to QAR 5.8 billion, compared to year end 2016 • Compared to the same period of the previous year, QFB: o Improved profitability by 51%; and o Reduced expenses by 13% Qatar First Bank L.L.C. (Public), a leading Shari’ah compliant bank… Continue reading QFB announces first quarter results
QFB announces the resignation of Ziad Makkawi as its Chief Executive Officer, The board of directors also announces the appointment of Khaled Al Khoori as new Acting CEO
The Board of Directors of QFB LLC (Public) announced today the appointment of Mr. Khaled Abdullah Al Khoori, as the new Acting CEO pending regulatory approvals. The Board of Directors of QFB has approved the resignation of Chief Executive Officer Mr. Ziad Makkawi during his last meeting, and thanked him for his efforts during the… Continue reading QFB announces the resignation of Ziad Makkawi as its Chief Executive Officer, The board of directors also announces the appointment of Khaled Al Khoori as new Acting CEO
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 results and future outlook after releasing financials for the year ended 31 December 2016 and announcing the launch of the second phase of the cost rationalisation plan. QFB’s Board of Directors, chaired by QFB chairman Abdulla Bin Fahad… Continue reading Qatar First Bank held AGM
Qatar First Bank announces 2016 year-end financial results
Qatar First Bank L.L.C. (Public) “QFB”, a leading Shari’ah compliant bank based in Qatar and listed on the Qatar Stock Exchange (QSE), has released its financial results for the year ended 31 December 2016 and announced the launch of the second phase of its cost rationalisation plan. QFB recorded a net loss of QAR 265.6… Continue reading Qatar First Bank announces 2016 year-end financial results
Best Private Bank – EMEA Finance Awards
Qatar First Bank L.L.C. (Public) “QFB”, a leading Shari’ah compliant bank based in Qatar and listed on the Qatar Stock Exchange (QSE), is pleased to announce that it has won the coveted “Best Private Bank in Qatar” title for 2016, from ‘EMEA Finance’, the leading finance magazine in Europe, Middle East and Africa regions. Representing… Continue reading Best Private Bank – EMEA Finance Awards
QFB sells a partial stake in a leading healthcare service provider based in the UAE
Qatar First Bank L.L.C. (Public) “QFB”, a leading Shari’ah compliant bank based in Qatar and listed on the Qatar Stock Exchange (QSE), has sold a partial stake in one of the most successful leading healthcare platforms in Abu Dhabi, Dubai, Sharjah and Kuwait. Commenting on the transaction, QFB’s CEO, Ziad Makkawi, said: “QFB’s successful realization… Continue reading QFB sells a partial stake in a leading healthcare service provider based in the UAE
Qatar First Bank: shares jump to 10% limit after MSCI index entry
The Peninsula/ Reuters Qatar’s index dropped 0.7 percent to finish at 9,679.92 yesterday as Vodafone Qatar, the most heavily traded stock, slid 4.1 percent to QR9.74 after MSCI downgraded the stock to its small cap index. Qatar First Bank surged to its 10 percent daily limit in heavy trade after MSCI added it to its… Continue reading Qatar First Bank: shares jump to 10% limit after MSCI index entry
