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Ahli United Bank, Bahrain's largest bank, was the largest shareholder in Ahli Bank. In 2012, Ahli United sold all but 1,000 shares of its stake in the bank. [4] At the time, Ahli Bank was considered the seventh-largest bank in Qatar. [4]
Name Abbv. Established Website Qatar National Bank: QNB 6 June 1964 [2]: qnb.com/qnbqatar: Doha Bank 15 March 1979 [3]: qa.dohabank.com: Commercial Bank of Qatar
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Commercial Bank of Qatar (P.S.Q.C.) (CBQ) commonly known as Commercial Bank, is a private sector bank operating in Qatar since 1975. The bank offers a range of products and services across retail, and corporate banking divisions. [1] Hussain Alfardan established the bank in 1975 as the first private bank in Qatar. [2]
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The bank installed its first ATMs in 1988 in its Doha branches, and, in the next year, introduced VISA cards for its clients. [5] In 2013, QNB acquired Egypt's then-largest private-sector bank, National Société Générale Bank, from Société Générale, and rebranded it QNB Al Ahli. [6] By 2015, it had established 76 branches in Qatar. [5]
Location of Qatar. Qatar is a sovereign country located in Western Asia, occupying the small Qatar Peninsula on the northeastern coast of the Arabian Peninsula. Oil was discovered in Qatar in 1940, in Dukhan Field. [1] The discovery transformed the state's economy. Now, the country has a high standard of living for its legal citizens.
Qatar Islamic Bank (Q.P.S.C.) was established in 1982 as the first Islamic financial institution in Qatar. Its products and operations are supervised by a Shari’a board, which ensures that the bank adheres to Islamic banking and finance principles. It is the country's largest Shari’a-compliant lender.