Mr. Abdulrahman Totonji, Chief Executive Officer of Qatar First Bank, emerged among the Top 10 CEOs in GCC Shari’a Compliant Banks’ Award category Mr. Abdulrahman Totonji, Chief Executive Officer of Qatar First Bank LLC (Public) (“QFB” or “Bank”), has been recognized as one of the Top 10 CEOs in GCC in the Shari’a Compliant Banks’… Continue reading QFB’s CEO Honoured at Top CEO Awards 2022
Archives: News
QFB Right issue
Qatar First Bank L.L.C. (Public) (“Bank”) is delighted to announce the successful closure of its rights issue process. The process included 2 weeks of trading rights (from March 16 2022 to March 29 2022) and a 2 week subscription period (from April 6 2022 to April 19 2022). The total subscriptions received amounted to QAR… Continue reading QFB Right issue
Qatar First Bank achieves QAR 21 million net profit in Q1 2022
Qatar First Bank LLC (Public) (“QFB” or “Bank”) announced its positive financial results for the three months’ period ending 31 March 2022, reporting net profit attributable to shareholders of QAR 21 million, up 2.3% from the QAR 20.6 million reported in the same period of the previous year. The first quarter of 2022 witnessed a… Continue reading Qatar First Bank achieves QAR 21 million net profit in Q1 2022
Qatar First Bank Holds its Annual and Extraordinary General Meeting
Sheikh Faisal bin Thani Al Thani: “The positive outlook of the financial year 2021 reflects our solid business strategy” Qatar First Bank LLC (Public) (“QFB” or the “Bank”), held its Annual and Extraordinary General Meeting on Wednesday 23 March 2022 and approved all items listed on its agenda. The Annual and Extraordinary General Meeting, was… Continue reading Qatar First Bank Holds its Annual and Extraordinary General Meeting
Qatar First Bank to implement a capital raise of up to 420 million ordinary shares through its Rights Issue
QFB’s capital raise will contribute to stable growth ratios, and offer shareholders the opportunity to subscribe for new shares through a rights issue Qatar First Bank (QFB), announced that it has received the regulatory go-ahead to proceed with its ‘Rights Issue,’ as approved by the shareholders at the bank’s recent concluded Extraordinary General Meeting (EGM).… Continue reading Qatar First Bank to implement a capital raise of up to 420 million ordinary shares through its Rights Issue
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
With a solid strategic direction under the new leadership, Qatar First Bank registers the highest ever Net Profit in the previous 6 years Doha, Qatar – 23rd February 2022 – 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… 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
Qatar First Bank Participates as a Private Investor in a Silicon Valley AI Technology Company
This investment will mark QFB’s 11th investment in the United States. It presents a strong entry for the bank into the Tech space in Silicon Valley as part of its diversification investment strategy. Qatar First Bank LLC (Public) (“QFB” or “Bank”) announced the completion of an agreement to invest in SoundHound Inc., a US late-stage… Continue reading Qatar First Bank Participates as a Private Investor in a Silicon Valley AI Technology Company
Qatar First Bank completes acquisition of ‘Ten West Corporate Center One’ Class A Office fully leased to ‘Wood Group’ in Houston, Texas, Energy Corridor
Qatar First Bank LLC (Public) (“QFB” or “Bank”) announced the acquisition of Ten West Corporate Center One, a 199,000 square foot Class-A, impeccably-maintained and institutionally-owned office building located in Houston’s Energy Corridor. The Property is fully leased to Wood Group Mustang, Inc, a subsidiary of the British industrial services firm, John Wood Group plc (LSE:… Continue reading Qatar First Bank completes acquisition of ‘Ten West Corporate Center One’ Class A Office fully leased to ‘Wood Group’ in Houston, Texas, Energy Corridor
Qatar First Bank Achieves Net Profit of QAR 62 million for the Nine Months Period Ending 30 September 2021
Qatar First Bank LLC (Public) (“QFB” or “Bank”) announced its strong financial results for the nine months period ending 30 September 2021. Net profit attributable to shareholders for the nine months period amounted to QAR 62 million compared to a loss of 227.9 million in the same period of previous year 2020. It is QFB’s… Continue reading Qatar First Bank Achieves Net Profit of QAR 62 million for the Nine Months Period Ending 30 September 2021
QFB successfully exits its first US Real Estate Investment, plans to generate more than 9% IRR for investors; 12% in annualized coupon in 2021 alone.
Qatar First Bank announced that it has successfully exited Kennedy Flats, a multifamily residential building in the United States of America, planning to generate more than 9% IRR for its investors since acquisition 3.5 years ago. Kennedy Flats is the second property Qatar First Bank (“QFB”) acquired in the USA on behalf of its investors… Continue reading QFB successfully exits its first US Real Estate Investment, plans to generate more than 9% IRR for investors; 12% in annualized coupon in 2021 alone.
