Mubasher: Al Khalij Commercial Bank (KCBK) announced Tuesday, 19 December, as the date for its official listing on the Dubai Financial Market (DFM).

The bank, which is also listed on the Qatar Exchange (QE), said that it has obtained the necessary approvals from regulatory authorities in Bahrain and the UAE, according to a statement issued on Saturday.

Al Khalij has reported a net profit of QAR 454 million for the nine-month period that ended 30 September, due to a strong growth of 7% in operating income, with effective cost management leading to lower operating expenses and continued prudent provisioning on the credit and investment portfolios.