12-06-2022
To complete the process of issuing subscription rights, where the number of subscribed shares reached 268,711,498 and the unsubscribed shares reached 151,288,502 shares, Qatar First Bank (the “Bank”) announces that it will start selling the unsubscribed shares through the stock exchange starting from June 15, 2022 to June 28, 2022, in accordance with the instructions and directives of the regulatory authorities.
Based on the completion of the entire sale process within the specified period, the bank will complete the capital increase process. If the bank is not able to sell all the shares within the specified period, it will seek the approval of the regulatory authorities to extend the period of the sale process or cancel the unsubscribed shares, and the market will be notified accordingly at a later stage.
Furthermore, the Bank would like to inform the investors that the subscribed shares have been placed in a separate account and not allow trading until the completion of the sale of the unsubscribed shares in accordance with the regulatory requirements.