Qatar’s largest private commercial bank, Doha Bank said at the start of the year that it plans to increase its paid-up capital by 50 per cent. The first phase of the increase was done through a rights issue in March this year, which was oversubscribed to QAR 2.8 million.
The proposed capital increase will enhance the shareholders’ equity base and support the bank’s growth prospects, said CEO R. Seetharaman.
The bank has branches and representative in 11 international locations including Kuwait, UAE, Japan, China, South Korea, Singapore, Australia, UK, Germany and Turkey.