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
Archives: News
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.
Qatar First Bank was named “Best Corporate and Investment Bank” in Qatar at Asiamoney Best Bank Awards 2021
QFB is pleased to announce its recognition as the “Best Corporate and Investment Bank” in Qatar at the Asiamoney Middle East’s Best Bank Awards 2021. This accolade is a testimony to the Bank’s continued success in delivering top-quality and best income-generating risk adjusted investment products to its trusted clients with international exposure through a Sharia’ah… Continue reading Qatar First Bank was named “Best Corporate and Investment Bank” in Qatar at Asiamoney Best Bank Awards 2021
QFB acquires Fourteen555, a 2020 award-winning multi-tenant office building serving as headquarters for Occidental Chemical Corporation in Dallas, Texas
Qatar First Bank (QFB) has announced the acquisition of Fourteen555, a class AA office building located in the desirable Lower Tollway Corridor in Dallas, Texas. Fourteen555 is QFB’s 8th shariah compliant real estate acquisition in the USA and becomes the first multi-tenant office addition to QFB’s now eleven-asset strong portfolio. The recipient of the 2020… Continue reading QFB acquires Fourteen555, a 2020 award-winning multi-tenant office building serving as headquarters for Occidental Chemical Corporation in Dallas, Texas
Qatar First Bank Holds Extraordinary General Assembly Meeting
QFB held its Extraordinary General Assembly Meeting on Wednesday 22 September 2021. The Extraordinary General Assembly Meeting was held virtually via Zoom, and was chaired by Sheikh Faisal bin Thani Al-Thani, QFB’s Chairman, with the attendance of QFB’s board members, shareholders, and senior management team. The Extraordinary General Assembly Meeting discussed and approved all items on… Continue reading Qatar First Bank Holds Extraordinary General Assembly Meeting
Qatar First Bank Achieves the highest half yearly Net Profit of QAR 41 million over the last 5 years
Qatar First Bank (“QFB” or “Bank”), the first independent Shari’ah compliant bank authorized by the QFC Regulatory Authority (QFCRA) and a listed entity on the Qatar Stock Exchange (QSE: QFBQ) announced its financial results for the six months period ending 30 June 2021. The Bank has achieved a net profit attributable to shareholders of QAR… Continue reading Qatar First Bank Achieves the highest half yearly Net Profit of QAR 41 million over the last 5 years
Qatar First Bank successfully completes two equity investments exits
In line with its strategy to further strengthen its liquidity provision, the Bank has successfully exited its equity investments in Al Rifai International Holding (ARIH) and Food Services Company (FSC) Qatar First Bank (QFB), the first independent Shari’ah compliant bank authorized by the Qatar Financial Center Regulatory Authority (QFCRA), and a listed entity on the… Continue reading Qatar First Bank successfully completes two equity investments exits
Qatar First Bank Acquires Phase 1 of a Healthcare Technology Company Headquarters in Ohio
The new acquisition marks Qatar First Bank’s 7th investment in the Unites States, and confirms the Bank’s commitment to increasing its presence in the American real estate market as part of its investment diversification strategy. Qatar First Bank (QFB), the first independent Shari’ah compliant bank authorized by the QFC Regulatory Authority (QFCRA) and a listed… Continue reading Qatar First Bank Acquires Phase 1 of a Healthcare Technology Company Headquarters in Ohio
