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Qatar First Bank Reports Net
Losses of QAR 298.4 Million in 2019
10 March 2020
Qatar First Bank announced its audited
financial statements for the year ended 31 December 2019. The Bank’s net
losses amounted QAR 298.4 million against net losses of QAR 481.9
million for the year preceded, a reduction of 38% in the net losses.
Losses per share for 2019 amounted QAR 0.43
versus QAR 0.69 losses per share for 2018.
Taking these results into consideration, the
Board of Directors proposed to the next AGM not to distribute dividends
on 2019 results.