Qatar First Investment Bank, which has been re-branded as Qatar First Bank (QFB) to offer the entire spectrum of banking services rather than investment alone, will soon be able to list its share at the Qatar Exchange.
QFB, which is targeting high net worth clients through its premium Islamic banking model, is also seeking credit rating in another two to three years.
The announcement was made by QFB chairman Abdulla Fahad Ghorab al-Marri and CEO Emad Mansour yesterday at a function to mark its re-launch. The guest of honour and main speaker was Mohamed Alabbar, chairman of Emaar Properties, the Dubai-based global property developer.
“We are at the tail-end of discussions with the Qatar Financial Market Authority. We expect to complete the discussions and hope to get approval within the next six weeks,” al-Marri told reporters.
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