Qatar Islamic Bank

On April 12, Vodafone Qatar offered to sell off 40 percent of its share capital through an initial public offering to Qatari retail and institutional investors. As one of the country’s most prominent deals so far this year, interest from banks and financial institutions to handle the transaction was unsurprisingly high.

A measure of its solid reputation, Qatar Islamic Bank was brought in as a joint lead manager to the issue, joint financial adviser and joint lead receiving bank. Its role was to oversee the IPO, which saw Vodafone Qatar issuing 338.16 million ordinary shares to investors.

Before taking the lead on that deal, Qatar Islamic Bank announced record profits for 2008 following strong growth last year. The bank reported a 30.8 percent profit growth to $439m, while its finance portfolio reached $4.94bn – a 60.7 percent rise compared with the previous year. The growth was attributed to expansion in retail and corporate banking, and a strong management team and board.
More about the company
Address: Grand Hamad Street PO Box 559 , Doha, QATAR

Al Masrif, QIB

Joint stock

July 1982

Public

974 4409409

974 4412700

info@qib.com.qa

www.qib.com.qa

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Investment is governed by an 8-year lease that runs until June 1, 2018 - statement.


Officers »
Board of Directors Position
Mohammed Bin Abdullatif Al Manaa
Vice Chairman
Abdullatif Bin Abdullah Al Mahmoud
Board Member
Mohammed Bin Issa Al Mohannadi
Board Member
Saad Mohammed Fahad Buzwair
Board Member
Abdulrahman Abdullah Al Abdulghani
Board Member
   
Sharia Board Position
Abdulsattar Abu Ghodah
Board Member
Nizam Mohammed Saleh Yaacoubi
Board Member
Walid Bin Hadi
Board Member
   
Management Position
Salah Jaidah
Chief Executive Officer
View all
Major Shareholders
Name Country
Qatar Investment Authority
Qatar
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