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Ahlibank Reports QR308.4M Net Profit for First Half of 2021

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Ahlibank Reports QR308.4M Net Profit for First Half of 2021 Business 13 THURSDAY 15 JULY 2021 TotalEnergies is proud of the history and strong ties between Qatar and France Our Headquarter is based in Paris but TotalEnergies is present in over 130 countries, and is one of the top five energy companies in the world. In Qatar, our employees and contractors come from more than 40 different nationalities. Matthieu Bouyer, Managing Director of TotalEnergies Business | 14 EP Qatar, and TotalEnergies Country Chair QSE 10,743.45 -38.73 (0.36%) FTSE 100 7,017.47 −135.96 (1.90%) DOW 33,427.27 −396.18 (1.17%) BRENT $73.46 (+0.39) Ahlibank reports QR308.4m net profit for first half of 2021 THE PENINSULA — DOHA Ahli Bank QPSC (ABQK) announced yesterday a net profit of QR308.4m for the first half of 2021, showing an increase of 4.7 percent over the same period last year. Commenting on the results, Hassan Ahmed AlEfrangi, Ahlibank’s CEO said: “The Bank achieved satisfactory results on the back of strong operating performance”. AlEfrangi added: “The Bank delivered another stable results with all key performance indicators showing positive trends. The Bank also success- fully completed two strategic initiatives The steady half yearly results of The Bank achieved satisfactory during the first six months of 2021. First was the Issuance of $300m Additional Ahlibank is in line with our track results on the back of strong Tier 1 Capital in the international record of delivering sustainable operating performance. The Bank markets at a coupon of 4 percent. And results. We continue to maintain delivered another stable results second was the successful completion high levels of stable and long with all key performance indicators A view of Ahli Bank head office. of the fifth bond issuance for $500m showing positive trends. The Bank under the Bank’s $2bn EMTN Pro- term funding and strong gramme in the international debt capital also successfully completed two way. The Bank will continue to focus maintain high levels of stable and long markets at a competitive coupon rate capital levels. strategic initiatives during the first on Qatarization in line with Qatar term funding and strong capital levels”. of 2 percent and which was supple- Sheikh Faisal bin AbdulAziz bin six months of 2021. National Vision 2030.” The Chairman further added, “We mented by a healthy geographical spilt Commenting on the results, Sheikh take this opportunity to thank our cus- of international investors. This is again Jassem Al Thani, Ahlibank Hassan Ahmed AlEfrangi, Faisal bin AbdulAziz bin Jassem Al tomers for their continuous loyalty a vote of confidence from international Chairman and Managing Director Ahlibank CEO Thani, Chairman and Managing Director towards Ahlibank, investors for their investors in both Ahlibank and the State of Ahlibank stated: “The steady half ongoing commitment, management and of Qatar. yearly results of Ahlibank is in line with staff for all their dedication and Qatar AlEfrangi further added: “There has digital transactions through the Bank’s completing their everyday banking our track record of delivering sus- Central Bank for their esteemed guidance been an increase in the number of digital channels with customers services in an advanced and secure tainable results”. We continue to and support.” 14 BUSINESS THURSDAY 15 JULY 2021 TotalEnergies is proud of the history and strong ties between Qatar and France, says Country Chair or more than 85 years, TotalEnergies Today, we are committed to providing has been a major contributor to Qatar’s oil and gas activities, from energies that are clean, affordable, and Exploration and Production to reliable. Our ambition is to be a world class Refining, Petrochemicals, and Mar- keting. The French energy major, player in the energy transition, and to be Fwho recently transformed from Total to TotalEn- among the world’s top five companies in ergies in reflection of the company’s strategic transformation into a broad energy company, is renewable energies by 2030. We also have now also contributing to the development of the ambition to be Net Zero by 2050, together renewable and clean energies in Qatar. The Peninsula spoke to MATTHIEU with society. We are basing this strategy BOUYER, Managing Director of TotalEnergies on 2 main pillars that are LNG and EP Qatar, and TotalEnergies Country Chair, on the Company’s long partnership with Qatar renewable energy; two energies that are and QP, and its ambition to becoming a world in abundance in Qatar. class player in clean energies. On the history of TotalEnergies in Qatar We have recently established a solar TotalEnergies first entered Qatar in 1936 through affiliation with Iraq Petroleum Company. branch in Qatar to support our diversification Our long history here includes our partici- pation in the discovery of the Dukhan Field, and agenda into renewable energies. Our main our support to the development of the petro- project that we conduct with Siraj Energy chemical industry, through stakes in QAPCO starting 1974 and Qatofin later on. (QP and QEWC) and Marubeni consists of We were a key partner in the foundation of developing one of the world’s largest solar Qatargas in 1986, and we have stakes in Qatargas 1 and Qatargas 2 as well as in Dolphin Energy, plants — the Al Kharsaah 800 MWp Solar thus contributing to the large and fast expansion plant, which will enable a carbon neutral of gas and LNG in the country. Matthieu Bouyer, Managing Director of TotalEnergies EP The discovery of Al-Khalij offshore oilfield in Qatar, and TotalEnergies Country Chair. 2022 FIFA World Cup. Halul island in 1991, and the creation of North Oil Company with QP to operate Al-Shaheen field in 2017 were milestone achievements for us. We More recently, we have joined hands with have also supported the development of the Qatar Museums for the Energy Playground spon- downstream refining industry, as a partner of sored by TotalEnergies at NMoQ (National Laffan Refineries 1 and 2. We are also present in Museum of Qatar), for which construction will Marketing where we have a significant market soon start. We are proud to play a role in ensuring share in lubricant range products. that children and families understand our energy’s We are thus proud of our presence across all past as well as the energies of the future. of Qatar’s oil and gas value chain, from offshore Our road safety program, Via, in partnership Exploration and Production, to Downstream and with the Michelin Foundation for children in Research. Qatar, helps us strengthen the partnership between the local government, education sectors On their contribution as a French Company and local community to implement road in Qatar safety interventions. Our Headquarter is based in Paris but TotalEn- Fostering such close relations by working with ergies is present in over 130 countries, and is one government entities, industrial partners, and of the top five energy companies in the world. In academia has contributed to various viable pro- Qatar, our employees and contractors come from grams and initiatives, cementing the long and more than 40 different nationalities. successful partnership between TotalEnergies There is a special relationship between Qatar and the State of Qatar. and France, and particularly TotalEnergies having Qatargas LNG Tanker had a continuous 85 years of presence here, and On Clean Energies and LNG in Qatar having developed in many of Qatar’s energy busi- Today, we are committed to providing nesses together with QP with whom we have energies that are clean, affordable, and reliable. the long run as a transition fuel that reduces world’s largest solar plants — the Al Kharsaah forged a remarkable trust and respect throughout Our ambition is to be a world class player in the emissions. We are already an active partner of 800 MWp Solar plant, which will enable a carbon the years. energy transition, and to be among the world’s Qatar Petroleum and Qatargas, both on the pro- neutral 2022 FIFA World Cup. TotalEnergies has been the first international energy Company to accompany the State of Qatar Research and Innovation and Qatar Petroleum in the development of the TotalEnergies opened a Research Center North Field leading to Qatargas 1 start-up in 1996, (TRCQ) in 2009 which is at the forefront of our Petrochemicals with QAPCO in 1974, and today activities. It is dedicated to developing high level large scale solar energy project at Al Kharsaah. technological solutions that will support our core business in order to be more efficient in Qatar On Community development in Qatar and abroad but also to reduce our environmental TotalEnergies is engaged in a transformation footprint. that will place sustainability at the heart of its Aligned with Qatar’s National Vision, our strategy, projects, and daily operations. Our sus- research and development activities contribute tainability goes hand in hand with our sustainable developing true Qatari competencies as well as development initiatives, and community devel- creating links between academic and industry in opment is at the core of our efforts in Qatar. the country. We are committed to Qatar National Vision Some of these research projects are partner- 2030, and today we work closely with our stake- ships that we have with Qatar University, Qatar holders to further enhance our efforts in contrib- TotalEnergies Solar Panel Foundation particularly TAMU-Q and QEERI, to uting to human and social development — through Testing at QEERI capture the CO2 and convert it to biofuel utilizing support for education, culture and heritage, sport, microalgae technology and in the solar energy road safety, forest and climate, and youth domain. inclusion. TotalEnergies duction with QG1 and QG2 and on the mar- We are also committed to promoting women - Electricity keting sides. empowerment and reducing the gender gap We look forward to the results of the bid in through various initiatives such as the Total the North Field East (NFE) expansion project that Women Initiative for Communication and will be key for our future in the country.
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