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Qatari banks may sell shares to boost lending
- Qatar: Monday, October 29 - 2012 at 07:54
Doha Bank and Ahlibank are among lenders seeking to compete with government-controlled Qatar National Bank to fund the $130bn of infrastructure the country needs before hosting the 2022 World Cup, Bloomberg has reported. Doha Bank, Qatar's fifth-biggest by assets, may raise as much as QR5.81bn ($1.6bn) from selling shares to boost lending, the bank said mid-September. Ahlibank plans to increase capital by 20% through a rights issue priced at QR30 a share, it said early last month. Qatari banks are preparing to support new building projects including a rail network, new port and soccer stadiums and sporting facilities.
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