Qatar First Bank Net Loss Rises to QR482 Million in 2018

March 26, 2019

Qatar First Bank (QFB) disclosed its audited financial statements for the year ended 31 December 2018. The statements show the bank recorded a net loss of QR 481.90 million, compared to a net loss of QR 269.26 million in the previous year.

QFB’s loss per share amounted to QR 2.41 for the year ended 31 December 2018, versus a loss per share of QR 1.35 in the previous year.

It should also be noted that QFB’s Board of Directors has recommended against distributing dividends.