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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 322,453,798 representing 64% of the planned capital increase of QAR 504,000,000. The Bank shall take the necessary procedures to complete the subscription process of unsubscribed shares in accordance with the mechanism approved by the Qatar Financial Markets Authority (QFMA) and as per the authority provided to the Board of Directors of the Bank by the EGM on 22 September 2021. QFB Right issue

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