Qatar First Bank Records Net Profit of QAR 21 Million in the First Quarter of 2022 

Qatar First Bank (QFB) has announced its financial results for the first quarter of 2022 (1Q 2022), recording QAR 21 million (USD 5.8 million) in net profit attributable to shareholders, which represents a 2.3% rise from QAR 20.6 million (USD 5.6 million) in the first quarter of 2021 (1Q 2021), as stated by the bank on the 27th of April 2022.

Why it Matters?

Through an investment strategy that is strong and more sustainable and via Shariah-compliant investments, QFB continues to expand its global reach, allowing local investors better access to the United States (US) real estate market. The bank recorded a 274% growth in fee income to reach QAR 8.6 million (USD 2.4 million) in 1Q 2022 from QAR 2.3 million (USD 632,000) in 1Q 2021, while its dividend in...