QIB ranks 3rd in Forbes Middle East’s top ’30 Most Valuable Companies in Qatar’

QIB ranks 3rd in Forbes Middle East’s top ’30 Most Valuable Companies in Qatar’

Qatar Islamic Bank (QIB) was ranked third place in the Forbes Middle East's '30 Most Valuable Companies in Qatar', making it the largest in the private sector, at the Forbes Digital Qatar Symposium and Awards Ceremony 2021. Recognising the biggest companies in Qatar, Forbes Middle East acknowledged top companies in the country based on their market capitalisation. With a market value of $11. 9bn and a market share of over 40% in the country's Islamic banking sector, QIB emerged as third place as the 'Most Valuable Company in Qatar'. Attended by top executives from leading companies in Qatar, Gourang Hemani, chief financial officer at QIB, received the award on behalf of the bank. The ranking reflects QIB's outstanding performance, and further highlights the strength and dedication the bank continued to show in the past year. As the largest Islamic bank and the largest private sector bank in the country, QIB's total income increased to QR6. 12bn for the first nine months of 2021 and net profit amounted to QR2. 52bn. As part of its digital transformation plan, QIB recently launched an all-new version of its award-winning mobile app, creating a simplified and more engaging user experience. Furthermore, QIB launched the