The report continues: “Debt is an integral part of real estate investment and development, and the Middle East is no different, albeit the quantum is lower than most developed markets.
Abdulhamid Saeed, group chief executive officer of FAB, said FAB has built on the positive momentum generated at the start of the year to deliver another strong set of results in the second quarter.
Doha Bank was also honoured with the ‘Qatar Domestic Trade Finance Bank of the Year’ title in 2014, 2016, and 2017.
Bank made 1.06b riyals in the three months to June 30, up from 848m a year earlier, it said in a bourse filing
The award, presented by Wissam Fattouh, Secretary General, World Union of Arab Bankers, was received on behalf of Doha Bank by Sheikh Mohamed bin Fahad Al Thani, Acting Chief Human Resources Officer.