Sheikh Faisal bin Abdul Aziz bin Jassem Al Thani, Chairman and Managing Director of Ahlibank
Ahli Bank (Ahlibank) has reported a net profit of QR544.54m for the first nine months of 2019, showing an increase of 1.24 percent over the corresponding period of 2018.
Sheikh Faisal bin Abdul Aziz bin Jassem Al Thani, Chairman and Managing Director of Ahlibank, said: “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 $500m in the international debt capital markets, under its $1.5bn 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.”
