Sunday, 08 November 2009 | 12:01 UAE time
COMPANIES
Commercialbank
- +67.30 Last
- +1.30 (+1.97%) Today's Change
- 172,911 Volume
- 37.00-88.40 52 Week Range
- -3.70 (-5.21%) 52 Week Change
COMPANY DESCRIPTION
Commercial Bank of Qatar was established in 1975 as the first private bank in Qatar.The bank has been profitable in every year since its foundation and has paid dividends annually. The company offers a range of corporate, retail and investment services through a network of 13 branches and over 30 ATMs.
It has supported the government’s strategy for industrial development and diversification of the economy away from oil by financing many big infrastructure projects.
The bank’s net profit for 2008 was $467m, an increase of 22.4 percent compared to the year ended Dec 31, 2007. Net profit was impacted by the global financial crisis and the need to take provisions of $127.7m for impairment on the investment portfolio.
Last month the bank sold its share portfolio worth $258m to the Qatari government to beef up its balance sheet through the financial crisis. The country’s third-largest lender said in a statement that it had the right to repurchase the entire portfolio, or any part of it after 12 months and within five years.
KEY INFORMATION
Industry
Commercial Banks, Investment Funds
Address
Grand Hamad Street, 3232, Doha, Qatar
T
974 4490000
F
974 4490070
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 10 April 1975 | - |
MAJOR SHAREHOLDERS
| Name | Country | ||
|---|---|---|---|
| Qatar Insurance Company - Qatar | companies | 2.52 | Qatar |
| Qatar National Bank - Qatar | companies | 2.78 | Qatar |
| Qatar Investment Authority | companies | 20 | Qatar |
| Hussein Ibrahim Al Fardan and Family | individuals | Qatar |
PORTFOLIO
| Name | Country |
|---|---|
| United Arab Bank | UAE |
| Al Safa Islamic Banking | Qatar |
| Dlala Brokerage and Investment Holding | Qatar |
| National Bank of Oman | Oman |
| Orient 1 | Bermuda |
| Qatar Insurance Company - Qatar | Qatar |
| United Development Company | Qatar |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Abdullah Bin Khalifa Al Attiyah | Chairman |
| Abdullah Bin Ali Bin Jabor Al Thani | Vice Chairman |
| Hussein Ibrahim Al Fardan | Board Member |
| Nasser Bin Faleh Al Thani | Board Member |
| Jassim Mohammed Al Mosallam | Board Member |
| Abdullah Mohammed Al Mannai | Board Member |
| Khalifa Abdullah Al Sobai | Board Member |
| Jabor Bin Ali Bin Jabor Al Thani | Board Member |
| Omar Hussain Ibrahim Al Fardan | Board Member |
| MANAGEMENT | Position |
| Huda Hobbi | Head of Retail Lending and Markets |
| Eva Guirguis | Head of Credit Risk |
| Parvez Khan | Head of Investments |
| Paul Russell | Chief of Retail Banking |
| Abdulrahman Turki | Head of Islamic Banking |
| Maisam Hashisho | Head of Customer Contact Center |
| John Dolton | Head of Electronic Delivery and Cards |
| Manu Joseph | Head of Cards |
| Turkil Roschmann | Head of Information Technology |
| Norlida Azmi Loe | Head of Human Resources |
| Salma Shureih | Head of Corporate Affairs |
| Hussein Ibrahim Al Fardan | Managing Director |
| Andrew Charles Stevens | Chief Executive Officer |
| Abdullah Saleh Al Raissi | Deputy Chief Executive Officer |
| Shelton Peiris | Head of Transaction Banking and Cash Management Services |
| Ram Chandran | Head of International Instituitional and Investor Relations |
| Rajan Koshy | Head of Treasury |
| Steve Flint | Head of Property Business |
MOST POPULAR NEWS STORIES
LATEST FINANCIAL JOBS
- Business Analyst, Abu Dhabi, UAE
- Asst to General Manager, Abu Dhabi, UAE
- Office Manager / Secretary, Abu Dhabi, UAE
- Personal Assistant, Qatar, Qatar
- Client Manager, Abu Dhabi, UAE
Information correct at the time of publishing. If you are a representative of this company and want to update the details, please email updated information to financials@itp.com providing your name, designation and contact details.
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