QFB recorded a laudable performance by increasing its Assets Under Management (AUM) and the number of real estate investments, offering a competitive return to its clients despite the challenges of the global pandemic while remaining active across all its business lines. QFB’s AUM have witnesses a growth of more than 267% over the last 2 years and investment clients have increased by more than 225%.
Moreover, QFB’s corporate banking, Investment and Private Banking team has completed timely initiatives to further strengthen the Bank’s position and expand the client base. The Bank continues to invest in further product and service improvements and has successfully added a new revenue stream by placing investment products with their clients.
QFB is continuously looking for secure investment opportunities that ensure further consistency of the Bank’s overall portfolio returns, locally and regionally. The Bank changed its business model to a fee income-based one with a focus on liquid US real estate market. Furthermore, the Bank received an overwhelming demand for its investments products while focusing on offering tailor-made financial solutions.
Sheikh Faisal bin Thani Al-Thani, Chairman of QFB said: “We are proud to be receiving this prestigious award from Asiamoney, which is a recognition of the Bank’s positive outcome. QFB continues to deliver investments opportunities for its clients with international exposure through a Shari’ah compliant platform and is committed to achieving a leading position in the local market and beyond. QFB’s positive outcome of all key growth indicators is a proof for this recognition and thanks to the trust of our esteemed clients and shareholders, we are committed to offer more seamless investment opportunities”.
Qatar First Bank is the first independent Shari’ah compliant bank authorized by the QFC Regulatory Authority (QFCRA) and a listed entity on the Qatar Stock Exchange (QSE: QFBQ)
For more information, please contact:
Ahmed Abou Elela
Head of Corporate Services
Mobile: +974 5598 4789
About Qatar First Bank (QFB):
Qatar First Bank (Public) – “QFB”, a leading Sharia-compliant investment bank based in Qatar and listed on Qatar Stock Exchange, is one of the first independent Sharia-compliant financial institutions regulated by the Qatar Financial Centre Regulatory Authority that offers investment opportunities and innovative financial solutions with local, regional and international reach.
Launched in 2009 as an investment bank, QFB has since evolved to broaden its offering to combine the best of a private bank with bespoke investment solutions tailored for the protection, preservation, and growth of wealth.
QFB provides a wide range of investment products and services including alternative investments focused on private equity and real estate, private banking and wealth management, corporate and institutional banking, as well as treasury and investments.
QFB, with a clear strategy, highly experienced team, and solid shareholder-base, is a trusted advisor for high-net-worth individuals, corporate and institutional clients and a gateway to opportunities in Qatar, the region, and global markets.
© Press Release 2021