Al Ahli
ABQK
ABQK
Qatari Ahli Bank disclosed the interim financial statements for the period ending September 30, 2014. The interim financial statements revealed a net profit of QAR 458.1 million for the nine months period ended September 30, 2014 in comparison to a net profit of QAR 413.6 million for the corresponding period last year.
The company’s Earnings per Share (EPS) amounted to QAR 2.77 for the period ended September 30, 2014 versus QAR 2.50 for the corresponding period in 2013.
In late September, the lender announced it has successfully concluded a deal of obtaining $200 million Syndicated Term Loan Facility.
The Initial Mandated Lead Arrangers and Book runners are Barclays Bank PLC, Commerzbank Aktiengesellschaft Filiale Luxemburg, HSBC Middle East Limited and First Gulf Bank PJSC. The three year Facility will be used for general corporate funding purposes and carries a margin of 120 basis points over LIBOR.
Syndication was launched in an initial amount of $100 million and closed significantly oversubscribed.
The company’s Earnings per Share (EPS) amounted to QAR 2.77 for the period ended September 30, 2014 versus QAR 2.50 for the corresponding period in 2013.
In late September, the lender announced it has successfully concluded a deal of obtaining $200 million Syndicated Term Loan Facility.
The Initial Mandated Lead Arrangers and Book runners are Barclays Bank PLC, Commerzbank Aktiengesellschaft Filiale Luxemburg, HSBC Middle East Limited and First Gulf Bank PJSC. The three year Facility will be used for general corporate funding purposes and carries a margin of 120 basis points over LIBOR.
Syndication was launched in an initial amount of $100 million and closed significantly oversubscribed.
Source:
Mubasher
