Qatar First Bank Discloses Additional Details on Signing
a ‘Conditional Sale Contract’ by a Subsidiary
20
January 2020
Qatar First has disclosed the following details pertaining to the
conditional sale contract by one of its subsidiaries ‘QFB Food &
Beverages’ for the sale of its full shareholding in Food Services
Company which represents 49% of the total share capital. Details are as
follows:
1-
Paid up capital
of the company in question is QAR 12 million.
2-
Board of
Directors of the subject company is as follows:
o
Mubarak Jassim Al Groun
o
Qais Al Saleh
o
Mohammed Al Sahli
o
Hilal Joudeh
3-
Subsequent to
the completion of the sale deal, full details shall be furnished to the
QFMA and QSE in accordance with article 2, clause 3 of the M&A
regulations issued by Qatar Financial Markets Authority.