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.