By: Eslam Salem

Doha – Mubasher: Qatar First Bank (QFB) plans to open representative offices in all GCC countries this year, the bank’s Chairman,  Abdulla Al Marri, said Wednesday.

“We have several representative offices in Saudi Arabia, and we are seeking to increase the number of branches there especially after announcing the kingdom’s Vision 2030,” Al Marri added on the side-lines of  listing the bank on the Qatar Stock Exchange (QSE).

The listing of QFB on the Qatari bourse is the second of its kind in the last five years, after the listing of Mesaieed Petrochemical Holding Company in early 2014.

The bank’s stock fell by 9.07% to QAR 13.64 before ending the session, as 13.42 million shares were exchanged at QAR 204.11 million; about 50% of the market’s total liquidity.

The stock rose in today’s early trading by 3.07%.

Translated by: Elwy el-Manzalawy