Qatar First Bank Stake in Amanat Holding Company

November 14, 2017

Qatar First Bank announced that the Astro AD Cayman Ltd, a fully owned subsidiary of Qatar First Bank founded in Cayman Islands, CR No CT 239044 (hereinafter referred to as “Subsidiary”) has sold all its shares in Amanat Holding, founded in UAE and listed in Dubai Financial Market. The sale amount is UAE Dirhams 150,000,000 (Only One Hundred Fifty million UAE Dirhams). 

Please note that the deal amount does not represent more than 10% of the total assets of the bank. Moreover, conclusion of this deal will not negatively affect in any way on financial position of the bank, and the deal was concluded in full accordance with the standard common commercial practices.