Qatar First Bank Reports QAR 41 Million Profit in 1H 2021; Highest in Five Years

Qatar First Bank (QFB), a Qatar-based Shariah-compliant bank authorized by the Qatar Financial Centre Regulatory Authority (QFCRA) and listed on the Qatar Stock Exchange (QSE), has reported a net profit of QAR 41 million attributed to shareholders in the first half of 2021 (1H 2021).

Why it Matters?

This half-yearly net profit is QFB’s highest over the last five years, and marks the third consecutive quarter of net profit for shareholders. According to Abdulrahman Totonji, Chief Executive Officer of QFB, the bank has established long-term stable revenue sources, growth and performance indicators, and has also sourced and structured investment opportunities to meet the rising demand of local and international investors. Totonji added that QFB&rsq...