Qatar First Bank announces the distribution of excess net proceeds from the sale of unsubscribed shares to unsubscribed shareholders

Qatar First Bank LLC (Public) ("Bank") announces that the net sale proceeds from the sale of unsubscribed shares (151,288,502 shares) amounted to QAR 182,482,180, resulting in net sale proceeds per share of QAR 1.2062 (rounded). As such, holders of rights who did not subscribe to all or part of their shares are eligible to receive an amount of QAR 0.00620 (rounded) per unsubscribed share for their rights. Those amounts will be paid directly to the shareholders bank accounts as registered in the Qatar Central Securities Depository (“QCSD”). The shareholders who do not have a bank account registered with the QCSD are requested to update their information to allow the Bank to transfer the respective proceeds to their accounts.