Qatar First Bank: A Subsidiary Signs a Conditional Sale Contract for Its Entire Stake

24/10/2019

Qatar First Bank has announced that one of its subsidiaries “QFB Ford & Beverages” has signed a conditional contract to sell its entire stake-holding of 49% of the total share capital in the Food Services Company. All details in connection shall be furnished to Qatar Exchange upon the fulfillment of all conditions and obtaining all the required approvals prior to the completion of the deal.

It is worth-mentioning that the deal value does not constitute more than 10% of the Bank’s total assets. Also, the completion of the deal shall not be guaranteed as it is subject to obtaining all the required approvals.