By: Mahmoud Gamal
Doha – Mubasher: The Qatar Stock Exchange (QSE) witnessed on Wednesday the second listing in the last five years, as trading on Qatar First Bank (QFB) started today.
The listing comes about one year and a half after the listing of Mesaieed Petrochemical Holding Company in early 2014.
“Listing new companies on the bourse attracts large segments of traders, given the shortage of listings,” Ali Al-Anzi, analyst at Al Mashora & Al Raya for Islamic Financial Consulting Company, told Mubasher.
Meanwhile, Ahmed Maher, financial analyst at Enmaa Financial Services, said that the bank has noticeable contributions in financing infrastructure projects in Qatar.
QFB is the fourth Islamic bank to be listed on QSE, after Qatar Islamic Bank (QIB), Qatar International Islamic Bank (QIIB) and Masraf Al Rayan.
The listing of QFB increases the number of listed banks on QSE to nine.
The bank’s paid-up capital amount to QAR 2 billion ($$550 million).
Translated by: Elwy el-Manzalawy
