Qatar First Bank (QFB), the first independent Shari’ah compliant bank authorized by the QFC Regulatory Authority (QFCRA), announced today the appointment of a new Acting CEO (ACEO).
Mr. Abdulrahman Totonji is a distinguished talent in business, economics, and investments. He has extensive experience in managing local and international real estate investments, which enables him to lead QFB during this critical moment of its history. He spent around six years managing a billion-QAR Qatari investment portfolio. Additionally, he gained experience over a period of six years investing in the US real estate market. Abdulrahman obtained his master’s degree in real estate finance from Georgetown University, Washington DC and Bachelor’s degree in business administration from George Washington University.
The Board welcomed the appointment of Mr. Totonji as ACEO of the Bank in the context of its new vision aiming at maximizing shareholder value. The Board also praised Abdulrahman’s expertise in economics and administrative matters, and the Board is confident that his experience will help improve the Bank’s performance and achieve positive results for the shareholders.
Commenting on his appointment as new ACEO of QFB, Abdulrahman said:
“I thank the Board of Directors for trusting me as QFB’s ACEO at this critical stage. I will work with the Board and the executive team over the coming period to support the Bank in maximizing shareholders’ value and to place the Bank on a profitable path again, and inshallah we will see the bank grow to new heights.”