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.
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