Doha: Commercial Bank of Qatar has announced the dissolution of Gekko LLC after a review of its performance and future prospects, a Qatar Exchange notification said yesterday.
The CBQ board of directors approved the decision to dissolve the company that offered smart business solutions like secure contactless payment cards.
CBQ and United Development Company each owned 50 percent stake in the Gekko joint venture that was set up 2009. The impact of this decision to dissolve the company on CBQ’s financial performance would be minimal, the notification said. QNA
