Al Ahli Bank Of Qatar Qatar

Company: Al Ahli Bank Of Qatar Doha
Description: Banks, Financial Institutions, Companies
Telephone: Office: 4436633; Fax: 4414014; Mobile: No Information Available
Detail: no-data
Url: no-data
Street: no-data
County: no-data
City: Doha
Postal Code: no-data
Filename: al-ahli-bank-of-qatar
County and City: Doha, Doha
Country: State of Qatar, Dawlat Qatar

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jenanna bashir, 19.12.2008
In 2004 Ahli United Bank acquired a 40% stake in Al-Ahli Bank of Qatar. The acquisition was through 100% participation in capital increase in a transaction worth US$ 201 million. As a result, Ahli Bank’s equity rose from US$85 million to US $239 million, making it one of the largest banks in terms of capitalization and positioning it to benefit from the growth potential in Qatar. In addition to the purchase, AUB also signed a ten-year management agreement to oversee the running of the bank and ensure a focused implementation of a growth strategy. As part of the agreement Al-Ahli Bank of Qatar QSC was renamed Ahli Bank QSC.

Call Ahli Contact Center on 8002222

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