QFBQ: Opening Price: 1.868 | High: 1.91 | Low: 1.868 | Closing Price: 1.892 | Volume: 1,361,281 | 0.793 % NEWS: Qatar First Bank Holds its Extraordinary General Meeting
27 September 2016

QFB Chairman Abdullah Al-Marri named as ‘Best Banker’ at Arabian Business Qatar awards 2016

QFB Chairman Mr. Abdullah bin Fahad bin Ghorab Al-Marri has won Arabian Business Magazine’s ‘Best Banker’ Award for 2016.

Qatar First Bank LLC (Public) (“QFB”) Chairman Mr. Abdullah bin Fahad bin Ghorab Al-Marri has won Arabian Business Magazine’s ‘Best Banker’ Award for 2016, in a ceremony that was held on Tuesday evening at Westin Hotel in Doha.

The coronation of QFB’s Chairman comes in recognition of the achievements he has attained throughout the year, during which QFB exclusively won Global Finance’s ‘Best Up-and-Coming Islamic Financial Institution’ Global Award for 2016.

During the year, QFB successfully listed all its shares on the Qatar Stock Exchange in April, opened its private banking lounge, and developed an innovative and comprehensive Shari’ah compliant open architecture private banking platform for its clients.

Last May, the bank also signed an agreement with Jones Lang La Salle (JLL), UK’s largest UK property advisor, as well as announced the completion of the ‘Leinster Square’ residential project in London.

QFB has also introduced an action plan in 2016 that focuses on optimizing the Bank’s resources and raises its efficiency level, in addition to signing a partnership agreement with Novus Aviation Capital for the acquisition of two Boeing 737 aircrafts.

Last September, QFB garnered the ‘Best Shari’ah Alternative Investment Platform’ 2016 Award by ‘Wealth & Finance’.

Abdullah Al-Marri had previously stated that despite the regional and international economic conditions, QFB still enjoys a strong financial position, owing to its diversified revenue sources, along with the quality of its investments in lucrative sectors such as health care, which is considered to be less affected by reduction in expenditure. Additionally, Al Marri added, that the bank has been targeting promising geographical regions such as Turkey, which enjoys long term growth prospects. All these aspects have contributed to the bank’s adaptation with the unfavorable economic conditions”, Al-Marri added.