Doha Bank has closed a project finance deal of KD25 million ($85.5 million) with Kuwait-based Kharafi National, a leading infrastructure project developer.
“We are pleased to have the opportunity to finance Kharafi National.
Shareholders of Doha Bank have approved the purchase of the Indian assets of HSBC Bank Oman after an extraordinary meeting, the Qatari bank said in a statement on Monday.
HSBC Bank Oman, an affiliate of HSBC Holding, said in April
Doha Bank, Qatar's fifth-largest lender by assets, reported on Tuesday a 10 per cent increase in its net profit for the first nine months of the year.
The lender made QR1.1 billion ($301.8million) in the year-to-September 30,
Doha Bank, Qatar's fourth largest lender by assets, posted a 9.9 percent rise in second-quarter net profit on Thursday, in line with analyst estimates.
It made 388 million riyals ($107 million) in the second quarter, according
Commercial Bank of Qatar (CBQ) and Doha Bank may need to increase their capital next year by $412 million each to abide by expected central bank regulations, US investment bank Morgan Stanley said in a report.
While Qatari banks h
HSBC Bank Oman said it had agreed on the sale of its Indian business to Qatar's Doha Bank, in a statement to the Muscat Securities Market on Wednesday.
No value for the transaction was given in the statement, but the Omani len
Qatar's Doha Bank said on Tuesday returns on its share capital would be lower this year due to tough competition in its home market, though a successful bond sale would boost its financial ratios.
The bank, the fifth-largest b
Qatar's Doha Bank said on Monday it would seek shareholder approval to issue a debt instrument worth QR2 billion ($549.3 million) to boost its Tier 1 capital, which would be sold by March 30 next year.
No date for the sharehol
Sustainability is a core factor for the UAE real estate and infrastructure projects as the market gets benefited from growth in tourism, hospitality and trade, said industry experts at a Doha Bank summit in Dubai.
"The UAE is
Doha Bank, a leading Gulf-based lender, has earmarked Dh5.5 billion ($1.5 billion) to support small and medium enterprises (SMEs) and corporate clients in the UAE through its fully licenced branches in Abu Dhabi and Dubai besides offering suppor