Dukhan Bank Successfully Listed on Qatar Stock Exchange
DOHA, QATAR – FEBRUARY 2023: Dukhan Bank, the third largest Islamic bank in Qatar and the fastest growing bank in the country, successfully listed its shares on Qatar Stock Exchange's (QSE) main market today, February 21, 2023, in the presence of a number of high-level guests, Dukhan Bank top management, regulatory and supervisory authorities, investors and interested parties. This brings the number of listed companies in the QSE to fifty (50) Qatari public shareholding companies. The bell rang at 9:30 am today, marking the start of Dukhan Bank shares trading on the Qatar Stock Exchange.
Dukhan Bank’s shares were listed in the banking sector category through the Direct Listing mechanism, a common mechanism in all regional markets, which allows companies to be listed without an IPO (Initial Public Offering).
Commenting on the successful listing, Chairman and Managing Director of Dukhan Bank H.E. Sheikh Mohammed Bin Hamad Bin Jassim Al-Thani, said:
“We are thrilled to see Dukhan Bank’s shares successfully listed on Qatar Stock Exchange giving the investment community a promising investment choice in the banking sector category. We extend our sincere appreciation to all the regulatory and supervisory authorities for their cooperation with us in this strategic step in Dukhan Bank’s operational journey. Our unrelenting efforts to provide world-class Shari’ah-compliant services to our clients helped us today to boast a robust 150,000 customers base and assets worth over QAR 100 billion. Moreover, I would like to extend my gratitude to the bank’s employees who were able, in a record time, to transition from the merger to the listing process, despite the challenges of the past period, as they are armed with expertise and high capabilities to overcome all challenges.”
Mr. Ahmed Hashem, Dukhan Bank Acting Chief Executive Officer, said:
Today, we are happy with the successes achieved by the Bank, and we extend our thanks to our shareholders for their great confidence in the Bank and its management. As we believe in the importance of investing in the future, Dukhan Bank adopts an ambitious vision, promotes digital transformation, and specialises in customer-centric services.
Dukhan Bank is licensed and regulated by the Qatar Central Bank. The Bank provides an award-winning and full range of Shari’ah-compliant banking services, including retail, corporate and commercial banking, business banking, private banking, real estate finance, structured finance, investments and asset management.