Latest news with #DohaBank
Zawya
15 hours ago
- Business
- Zawya
Qatar: QSE hits 36-month high as index gains 119 points; M-cap adds $1.09bln
Qatar - An across the board buying led the Qatar Stock Exchange (QSE) gain as much as 119 points and index surpass 11,100 points, the highest level in more than 36 months. A higher than average demand, particularly in the banking counter, led the 20-stock Qatar Index surge 1.08% to 11,141.04 points, recovering from an intraday low of 10,992 points. The Arab retail investors turned net buyers in the main market, whose year-to-date gains improved further to 5.39%. The Gulf individuals were seen bullish in the main bourse, whose capitalisation added QR4bn or 0.61% to QR657.37bn mainly on midcap segments. The foreign funds continued to be net buyers but with lesser intensity in the main market, which saw as many as 1,250 exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.01mn trade across two deals. The Arab institutions' weakened net profit booking had its marginal influence on the main bourse, whose trade turnover and volumes were on the decline. The Islamic index was seen gaining slower than the main barometer of the main market, which saw no trading of treasury bills. The Gulf institutions continued to be net buyers but with lesser vigour in the main bourse, which saw a total of 0.11mn sovereign bonds valued at QR1.06bn change hands across three deals. The Total Return Index gained 1.08%, the All Islamic Index by 0.61% and the All Share Index by 0.85% in the main market. The banks and financial services sector index rose 1.57%, transport (0.22%), telecom (0.1%) and industrials (0.05%); while insurance declined 0.43%, consumer goods and services (0.24%) and real estate (0.1%). Major gainers in the main market included Qatar Islamic Bank, Qatar Oman Investment, Mazaya Qatar, Commercial Bank, Qatar Industrial Manufacturing, Industries Qatar and Nakilat. In the junior bourse, Techno Q saw its shares appreciate in value. Nevertheless, about 54% of the traded constituents were in the red in the main market with major losers being Mannai Corporation, Qatar German Medical Devices, Widam Food, Inma Holding, Qatar National Cement, Lesha Bank, Milaha, Mesaieed Petrochemical Holding and Qatar Insurance. The Arab individuals turned net buyers to the tune of QR11.36mn compared with net sellers of QR10.85mn the previous day. The Gulf retail investors were net buyers to the extent of QR2.62mn against net sellers of QR2.43mn on July 21. The Qatari individuals' net profit booking declined substantially to QR2.98mn compared to QR32.27mn on Monday. The foreign retail investors' net selling weakened noticeably to QR0.35mn against QR2.71mn the previous day. The Arab institutions' net profit booking decreased marginally to QR0.03mn compared to QR0.43mn on July 21. However, the domestic funds turned net sellers to the tune of QR19.93mn against net buyers of QR1.35mn on Monday. The foreign institutions' net buying decreased significantly to QR8.66mn compared to QR36.15mn the previous day. The Gulf institutions' net buying shrank noticeably to QR0.66mn against QR11.17mn on July 21. The main market saw 11% contraction in trade volumes to 177.76mn shares, 11% in value to QR448mn and 12% in deals to 19,012. In the venture market, a total of 6,917 equities valued at QR0.02mn changed hands across five transactions. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
Zawya
16-07-2025
- Business
- Zawya
Positive signals from US lift Qatar's QSE as index gains 48 points; M-cap adds $1.08bln
Qatar - Positive signals emanating from the US in inflation and tariff had their influence on the Qatar Stock Exchange (QSE), which on Tuesday gained more than 48 points and capitalisation added about QR4bn. The foreign funds turned net buyers as the 20-stock Qatar Index rose 0.45% to 10,817.85 points, recovering from an intraday low of 10,763 points. The banks, industrials and real estate counters witnessed higher than average demand in the main market, whose year-to-date gains improved to 2.33%. About 52% of the traded constituents extended gains to investors in the main bourse, whose capitalisation added QR3.94bn or 0.62% to QR640.58bn mainly on mid and small cap segments. The Arab individual investors turned bullish in the main market, which saw as many as 4,620 exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.05mn trade across three deals. The domestic funds' weakened net selling had its influence on the main bourse, whose trade turnover and volumes were on the rise. The Islamic index was seen gaining slower than the other indices of the main market, which saw no trading of treasury bills. However, the local retail investors turned net profit takers in the main bourse, which saw no trading of sovereign bonds. The Total Return Index rose 0.45%, the All Islamic Index by 0.23% and the All Share Index by 0.55% in the main market. The banks and financial services index gained 0.85%, industrials (0.57%), realty (0.53%) and consumer goods and services (0.17%); while telecom declined 0.73%, insurance (0.16%) and transport (0.04%). Major gainers in the main market included Mannai Corporation, QNB, Lesha Bank, Industries Qatar, Meeza, Al Faleh Educational Holding, Qamco, Qatar Electricity and Water, Barwa and Ezdan. In the junior bourse, Techno Q saw its shares appreciate in value. Nevertheless, Mesaieed Petrochemical Holding, Ooredoo, Doha Bank, Qatar General Insurance and Reinsurance, Baladna, Al Mahhar Holding, Milaha and Vodafone Qatar were among the losers in the main market. The foreign institutions turned net buyers to the tune of QR34.47mn compared with net sellers of QR12.97mn the previous day. The Arab individuals were net buyers to the extent of QR2.25mn against net profit takers of QR0.44mn on Monday. The domestic institutions' net selling weakened noticeably to QrR6.58mn compared to QR12.5mn on July 14. The foreign individual investors' net profit booking eased marginally to QR0.23mn against QR0.39mn the previous day. However, the Qatari individuals turned net sellers to the tune of QR29.62mn compared with net buyers of QR9.24mn on Monday. The Gulf retail investors' net profit booking expanded perceptibly to QR2.35mn against QR0.02mn on July 14. The Gulf institutions' net buying weakened substantially to QR2.04mn compared to QR17.08mn the previous day. The Arab institutions had no major net exposure for the fifth consecutive session. The main market saw 29% jump in trade volumes to 130.05mn shares and 14% in value to QR395.06mn but on 10% decline in deals to 18,627. In the venture market, a total of 8,792 equities valued at QR0.02mn changed hands across five transactions. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
Zawya
15-07-2025
- Business
- Zawya
Doha Bank H1 net profit jumps 8.1%
Doha Bank has reported an 8.1% year-on-year increase in net profit to QR467mn in the first half of this year. Total assets reached QR123bn in January-June 2025, representing a growth of 16.2% on an annualised basis, said Sheikh Fahad bin Mohammad bin Jabor al-Thani, Doha Bank Chairman. Net loans and advances amounted to QR60bn, a 1.7% increase over the previous year. Customer deposit deposits stood at QR50.9bn compared to QR51.6bn, a marginal decrease of 1.2%, while the overall liquidity remains 'strong', according to him. 'The bank continues to demonstrate strength in capital and liquidity metrics. Our common equity Tier 1 (CET1) ratio stands at 13.13%, while the total capital adequacy ratio is robust at 19.19%,' said Sheikh Abdul Rahman bin Mohammad bin Jabor al-Thani, Managing Director, Doha Bank. The loan-to-deposit ratio is 90.80%, which is comfortably within regulatory thresholds, he said, adding the bank has also improved its funding structure, positioning it to support anticipated lending growth. 'Our liquidity coverage ratio is strong at 350.7% compared to 168% at year-end, and our total shareholders' equity reached QR14.9bn, marking a 1.6% increase year-on-year,' he said. Sheikh Abdulrahman bin Fahad bin Faisal al-Thani, Doha Bank Group Chief Executive Officer, highlighted the successful closing of the bank's debut euro-denominated syndicated loan during the second quarter (Q2). Highlighting its €500mn three-year syndicated term loan; he said: 'This transaction was a significant step in diversifying our funding sources and currency base. Impressively, 56% of the lenders were new to Doha Bank, underscoring growing international investor confidence in our credit profile.' During Q2-2025, Doha Bank had partnered with Blackstone to offer private capital strategies to Qatari investors, enhancing investment solutions for institutional and high-net-worth clients. The board had approved a proposal to repurchase up to 10% of fully paid-up shares, subject to regulatory approvals. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
Qatar Tribune
14-07-2025
- Business
- Qatar Tribune
Doha Bank net profit rises 8.1% to QR467 million in H1 of 2025
Tribune News Network Doha Doha Bank has reported strong financial performance for the first half of 2025, posting a net profit of QR467 million for the six-month period ending June 30, 2025. This reflects a solid 8.1 percent increase compared to the same period in 2024, demonstrating the bank's sustained profitability and effective implementation of its strategic growth initiatives. Announcing the results, Doha Bank Chairman Sheikh Fahad Bin Mohammad Bin Jabor Al Thani stated that the bank's total assets stood at QR123 billion as of June 30, 2025. This represents a notable growth of QR17.2 billion, or 16.2 percent, from QR105.9 billion recorded a year earlier. Net loans and advances rose modestly to QR60 billion, reflecting an increase of QR1 billion or 1.7 percent year-on-year. On the deposit side, customer deposits slightly declined to QR50.9 billion compared to QR51.6 billion during the same period last year, showing a marginal decrease of 1.2 percent. Despite this, the bank maintained a robust liquidity position, underpinned by its prudent financial management. Doha Bank Managing Director Sheikh Abdul Rahman bin Mohammad bin Jabor Al Thani highlighted the bank's strong capital and liquidity metrics, noting that Doha Bank's Common Equity Tier 1 (CET1) ratio stood at 13.13 percent while the total capital adequacy ratio remained robust at 19.19 percent. The loan-to-deposit ratio was recorded at 90.80 percent, comfortably within the limits set by regulatory authorities. He further pointed out that the bank's liquidity coverage ratio saw a substantial improvement, rising to 350.7 percent compared to 168 percent at the end of 2024. Total shareholders' equity reached QR14.9 billion, marking a 1.6 percent increase year-on-year, further reflecting the bank's stable financial base and resilience. Doha Bank Group Chief Executive Officer Abdulrahman bin Fahad Bin Faisal Al Thani emphasised a landmark achievement in the bank's funding strategy during the second quarter. He revealed that Doha Bank successfully completed its debut Euro-denominated syndicated term loan, securing EUR 500 million for a three-year tenure. This transaction marked the bank's first entry into the Euro loan market and was a significant milestone in its efforts to diversify funding sources and broaden its currency base. Notably, 56 percent of the participating lenders were new to Doha Bank, underscoring the rising global investor confidence in the bank's credit profile. The CEO stated that this success reflects the bank's ongoing commitment to expanding liquidity access across regions and financial instruments as part of its transformation roadmap. The first half of 2025 also saw Doha Bank making significant strides under its Himma Transformation initiative. The bank's progress was recognised with the reaffirmation of its credit ratings by two leading international agencies. Fitch Ratings reaffirmed its long-term rating at 'A', while Moody's Investor Services maintained its rating at 'A3'. These affirmations reflect Doha Bank's improving fundamentals, prudent risk management framework, and strengthened financial standing. During the second quarter of the year, the bank formed a strategic partnership with global investment firm Blackstone to offer private capital strategies tailored to Qatari investors, especially institutional and high-net-worth clients. In parallel, Doha Bank enhanced its digital capabilities by upgrading its Corporate Mobile App, offering business clients an improved and more intuitive digital banking experience. The bank also focused on enriching its value proposition for premium clients through a collaboration with Ox Fitness Lab, which now provides exclusive access to elite fitness studios. Investor confidence in the bank continued to strengthen during the second quarter. A leading private-sector investor joined the bank's shareholder base, signaling a strong endorsement of Doha Bank's long-term strategy and growth outlook. Further cementing its shareholder engagement, the board of directors approved a proposal on April 20, 2025, to repurchase up to 10 percent of fully paid-up shares, subject to regulatory approvals. This move is intended to enhance shareholder value and reflects the bank's confidence in its capital position. Doha Bank's performance and innovation were also recognized at several international award platforms. The bank was named 'Best Bank for Homeowners' at the 2025 Euromoney Awards for Excellence, a testament to its outstanding mortgage offerings and customer service. It also won 'Best Corporate Banking App – Qatar' at the 2025 Global Banking & Finance Awards and was declared 'Best Bank – Qatar 2025' at the MEED Corporate & Investment Banking Awards. These accolades are a reflection of the bank's excellence in retail and corporate banking, digital innovation, and client-centricapproach. Commenting on the half-year performance, Abdulrahman Bin Fahad Bin Faisal Al Thani said that the reaffirmation of credit ratings and the success of the syndicated Euro loan are strong endorsements of the bank's strategic direction and transformation efforts. He reiterated that Doha Bank remains committed to sustainable growth, consistent value creation for shareholders, and contributing meaningfully to Qatar's long-termeconomic vision. With a solid financial foundation, growing international investor confidence, and a focus on innovation and client engagement, Doha Bank is well-positioned to sustain its positive momentum in the second halfof 2025.
Qatar Tribune
13-07-2025
- Business
- Qatar Tribune
Doha Bank launches API banking product for seamless corporate banking
Tribune News Network Doha Doha Bank is proud to unveil its new API banking product, tailored to streamline and enhance the banking experience for corporate clients. Doha Bank is one of the first in Qatar to launch Open Banking services for transactional and reconciliation services. In line with its commitment to innovation and digital transformation, this state-of-the-art offering features transaction processing, transactional status updates, and reconciliation reporting APIs, providing businesses with seamless connectivity to the core banking system. The API banking product enables corporate clients to securely transmit transaction data from their Enterprise Resource Planning (ERP) systems to Doha Bank's core banking system for efficient processing. Through the same integration, clients receive real-time updates on transaction statuses, ensuring they remain informed and in control of their operations. Additionally, the solution automates reconciliation processes by delivering detailed reports such as MT940 directly to ERP systems, reducing manual intervention and improving accuracy. Commenting on the launch, Doha Bank Group Chief Executive Officer Sheikh Abdulrahman bin Fahad bin Faisal Al Thani said, 'The introduction of our API Banking product represents a pivotal milestone in Doha Bank's digitalisation journey. This innovative solution empowers our corporate clients with secure, efficient, and always-on access to our banking services, reinforcing our position as a leader in financial technology and corporate banking.' Doha Bank's API Banking product offers businesses an advanced, end-to-end encrypted solution that ensures security, efficiency, and continuous connectivity. It is designed to enhance corporate banking operations and aligns with the Bank's broader mission to leverage digital innovation to elevate client experiences while supporting Qatar's vision for technological advancement.
