QFCRA: Samba can make a very Positive Contribution to the Development of Qatar's Financial Services Sector

Mr. Eisa Mohammad Al Eisa, Managing Director and Chief Executive Officer of Samba Financial Group (Samba), announced that Samba is preparing to launch its new presence in the GCC, mainly in Doha, the Capital of the State of Qatar, after obtaining a license from Qatar Financial Centre Regulatory Authority (QFCRA) to conduct regulated banking and financial activities in the Qatar Financial Centre. Al Eisa extended his gratitude and deep thanks to the Qatari concerned authorities for their confidence in Samba and giving it the opportunity to provide its banking and financial services in this very important and attractive regional market, and participating actively in developing the investment and financial environment in Qatar.

Al Eisa emphasized that this new license to provide services in Qatar will ameliorate Samba Financial Group's potentials to implement its regional and international expansion strategy and boost the Group's ability to maintain its regional premier position, especially as it coincides with opening of Samba's branch in Dubai, where it obtained its first GCC License.