“FAB notified the QFCRA on 19 June 2019 that it will relinquish its QFC branch license and permanently close its QFC branch. FAB is in the process of effecting an orderly wind-down of the QFC branch’s operations, following many months of baseless actions by the QFCRA that have made it impossible for FAB’s operations to continue in Qatar."
“The QFCRA’s actions are not expected to have any material impact on FAB’s future financial performance or strategy.”
The bank established its footprint in the State of Qatar on November 2008 under the authorisation of the Qatar Financial Centre Regulatory Authority with a PIIB Category 4 license.
In April 2011, the branch was upgraded to a full-fledged Wholesale Banking Branch (Category 1) authorised to conduct the regulated activities of arranging and providing credit facilities, deposit taking, advising and arranging deals.
Our Qatar Branch provides a wide range of Wholesale product offerings and credit facilities to large corporates, MNC companies & contractors and government related entities.
Our Qatar Branch has dedicated client service professionals with comprehensive industry knowledge and extensive local market experience and expertise, who work with a client-centric approach to cater to and address the business requirements of clients, thus working towards building long term relationships with clients by providing excellent customer service.
Banking Built Around You
Bank with ease and convenience with a full range of products and services.
About FAB
FAB's extensive network delivers expertise and reliability across five continents while supporting both local and international financial growth.
Corporate & Investment Banking
The Global Banking and Markets division offers distinctive corporate and investment banking with specialised products.
Talk to us
You can contact us with the contact below
Telephone | |
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+974 4483 9900 | |
+974 4483 2398 |
Address
Office No. 505, 5th Floor,
Qatar Financial Centre Tower-2,
Al Wahda Street, West Bay,
Doha, Qatar.
P.O. Box 23245
Working Hours
Sunday to Thursday
8:00 am to 3:00pm