Ahlibank’s Net Profit QR 544.54 million for the nine months ending September of 2019
17 October 2019
Doha, 17 October, 2019 - Ahli Bank (QPSC) (ABQK) is pleased to announce a net profit of QR 544.54 million for the first nine months of 2019, an increase of 1.24% over the corresponding period of 2018.
Sheikh Faisal Bin AbdulAziz Bin Jassem Al-Thani, Chairman and Managing Director of Ahlibank stated: “We are pleased with our steady performance of the Bank’s key growth drivers, which reflected positively on the overall business growth. To meet one of its key strategic objectives of improving stable funding, the Bank successfully completed its third bond issuance for US$ 500 Million in the international debt capital markets, under its US$ 1.5 Billion EMTN Programme, which is a continued vote of confidence from international investors in both Qatar and Ahlibank. The bond issuance was oversubscribed by more than 3 times, with more than 85 investors participating from Asia, MENA and Europe.”
The Chairman added: “The Bank is focused on delivering long-term sustainable results for its shareholders. With that in view, our investment in technology infrastructure and digital transformation is continuing and that will benefit the Bank in delivering new services and outstanding experience to our customers. The Bank continues to enjoy favorable ratings from the top international credit rating agencies. We also take this opportunity to thank Qatar Central Bank for their valued leadership and support.”