Commercial Bank of Qatar posted a second-quarter net profit of 333.2 million riyals ($91.59 million), down 45 percent from the year-earlier period.
The company made a net profit of 943.3 million riyals in the first half of the year, compar
Commercial Bank of Qatar said it bought 14.7 percent of Sharjah-based United Arab Bank, the first stage of its plan to acquire as much as 40 percent of the lender to enter the United Arab Emirates.
Qatar Commercial bought 104.57 million sh
Commercial Bank of Qatar said its bid for a stake in Abu Dhabi-listed United Arab Bank is similar in scale to its 34 percent purchase in an Omani lender in 2005.
Qatar's second-largest bank by market value said on Thursday it had reached i