Qatar Islamic Bank (bank) has announced the completion of a $ 1 billion funding financing deal, for three years. The subscription witnessed a great demand from the financial markets, as it was covered by more than twice its size at a competitive price, which led to raising the value of the basic financing at the launch from 600 million US dollars to one billion US dollars.
The bank’s banking services group has managed the joint financing process, led by HSBC Bank Middle East Limited, SMBC and Standard Chartard as joint coordinators and record managers. The role of the banking facilities agent was assigned to HSBC Saudi Arabia. Norton Rose Volibright and Witt & Caes have worked as legal advisers to the main financing agents and the bank.
The deal has received strong support from a distinguished group of regional, Asian and international banks, with a wide participation of 15 financial institutions in the financing deal, which resulted in coverage of a large surplus and a varied geographical distribution, which led to a remarkably raised the size of the deal from 600 million US dollars to a billion US dollars.
Commenting on the completion of the joint financing deal, Mr. Basil Jamal, CEO of the bank group, said: “This joint financing received great attention from global and regional banks, which allowed the bank to expand the base of its investors and build valuable and long -term relationships. This strong demand is at a competitive price, despite the difficult global market conditions, a clear evidence of the strength of the Qatari economy and the durability of the bank’s financial position and its position as a pioneering Islamic bank in Qatar and the region and evidence of investor confidence in the bank’s performance and the strategy of its successful business ».
In the first half of 2025, the bank achieved its growth in its profits by 5.3%, compared to the same period in 2024, to reach 2,175 million riyals. The bank also enables the bank to maintain a stalled financing rate of total financing at 1.75%, which is considered one of the lowest rates in the banking field, which reflects the quality of the bank’s financing portfolio and the effective framework for risk management. The bank continues to follow its conservative policy by forming precautionary allocations for a decrease in the value of financing assets, other assets and other allocations, while maintaining a good percentage to cover the troubled financing assets at 95.1%, as on June 30, 2025.
Moreover, the bank continued to consolidate its pioneering position in the banking sector, achieving strong performance and confirming its credit rating from various international agencies, in addition to many prestigious awards that reflect its continuous commitment to providing a distinct value for its shareholders and customers.
