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QFB reported strong financial results and continued growth in 2012, as net income rose by 21 per cent from QAR 94 million (US$25.8 million) in 2011 to QAR 113.2 million (US$ 31.1 million) in 2012. For the third consecutive year, the Annual General Meeting (AGM) ratified the distribution of a cash dividend. This year the AGM approved the distribution 7% of paid up share capital to QFB shareholders.
QFB has appointed Allen International, a UK-based strategic brand and retail consultancy, to create a concept for its first branch. The branch will communicate the Bank’s new positioning and create an icon for the QFB brand by enhancing its profile amongst its High Net Worth and corporate clients in Qatar and the MENA region.
After four successful years since establishment Qatar First Investment Bank (QFIB), Qatar’s first independent Shari’ah compliant bank regulated by QFC Regulatory Authority, revealed today that it has changed its name to Qatar First Bank (QFB).
In line with its commitment to sector diversification , Qatar First Investment Bank (QFIB) , the first independent Sharia’h compliant investment bank authorized by the QFC Regulatory Authority (QFCRA), announced the launch of “Wasita” in Qatar.
Chaired by Chairman Abdulla Fahad Ghorab Al Marri, Qatar First Investment Bank (QFIB) held its board meeting in Dammam, the largest city in the Eastern Province of the Kingdom of Saudi Arabia (KSA) yesterday. Since its launch in 2009, QFIB has scheduled board meetings every year in a different GCC country with the aim of reaching out to its diversified base of shareholders.
In the run up to 2nd Qatar National Sports Day on Tuesday 12 February 2013, Qatar First Investment Bank (QFIB), Qatar’s first independent Shari’ah compliant bank authorized by the QFC Regulatory Authority, organized a month-long corporate wellness program for its employees.
Qatar First Investment Bank (“QFIB”), Qatar’s independent Islamic investment bank authorized by the QFC regulatory Authority , announced the acquisition of a majority stake in Al Wasita Emirates for Services & Catering (“WES”), the UAE based total support services management firm.
Qatar First Investment Bank (QFIB) has partnered with Gulf Financial Conferences as the gold sponsor for two key conferences “Finance & Investment Qatar’ and ‘M&A, Corporate Finance & Advisory MENA’, both will be held on 21st and 22nd January respectively, at the Al Sharq Village and Spa.
QFIB and SPPC announced the successful completion of the Emirates National Factory of Plastic Industries (ENPI Group) deal. QFIB’s 71.3% stake, a majority share in ENPI, was sold to SPPC, a publically traded Saudi firm specialized in providing printing packaging solutions. ENPI Group is the leading producer of flexible and rigid plastic packaging solutions having strong manufacturing base including 8 factories in Sharjah, Abu Dhabi and Riyadh.
Qatar First Investment Bank (QFIB) announced the acquisition of a 40% stake in English Home, the leading retailer of home textile products in Turkey.
QFIB, Qatar’s first independent Shari’ah compliant investment bank authorized by the QFC Regulatory Authority, is the associate sponsor of the inaugural Euromoney Qatar Conference, that will be held in Doha at the Ritz-Carlton on 11-12 December 2012 under the theme ‘Global Finance: Re-Designed’
As part of its commitment to support the development of the educational sector in Qatar, QFIB sponsors the ‘Educational Futures: Innovation & Aspirations’ conference organized by the Alliance for International Education and hosted by the International School of London in Qatar.
Qatar First Investment Bank (QFIB) and Kuwait Energy, one of the fastest growing independent oil and gas exploration and production companies in the Middle East, announced today the signing of a USD 150 million strategic investment agreement.
Qatar First Investment Bank (QFIB), Qatar’s independent Islamic investment bank authorized by the QFC Regulatory Authority has announced its support as the Strategic Investment Banking partner of the MEED Qatar Banking Summit 2012. This is the first edition of this prestigious event which will be held in Doha on the 8th and 9th October, 2012.
Qatar First Investment Bank (QFIB) has signed a share purchase agreement with Saudi Printing & Packaging Co. (SPPC) to sell its 71.3% stake in Emirates National Factory for Plastic Industries (ENPI Group), the leading manufacturer of plastic packaging solutions.
Qatar First Investment Bank (QFIB) announces the acquisition of two properties in prime locations in Central London - The Leinster Inn Hotel at Leinster Square, and Westbourne House, Westbourne Grove, London.
Qatar First Investment Bank (QFIB) has increased its equity stake in Al Rifai International Holding (Al Rifai) to 35%. Al Rifai is the leading manufacturer of nuts and kernels, light snacks and delicacy in the Middle East with operation in Europe.
As part of Qatar First Investment Bank’s (QFIB) annual Ramadan Blessings Campaign, the Bank recently hosted a special iftar in celebration of the Garangaou for the children of Qatar Orphan Foundation (Dhreima).
QFIB concluded its first summer internship program for high school students. The three week program which started in early July attracted eight students from various high schools in Doha and the internship is expected to develop into an annual summer program.
Qatar First Investment Bank (QFIB), in partnership with Dubai-based MENA Private Equity Association, is organizing a roundtable addressing the growing importance of SME’s to the region’s economic development, the challenges they face and the role of Private Equity in facilitating this growth.