KFH said it sold 14.8m shares at Qr340.4m ($93.6m), for a QR46.6m (or 15.8%) profit.
This came as Barwa – which last week was a lead arranger of the United Kingdom sovereign sukuk – reported a 28% increase in net profit to QR201m for the year’s first quarter. Barwa’ balance sheet grew by 15% from 2013 to QR32.7bn, while customer deposits grew 27% to QR22.7bn.
Barwa is Qatar’s youngest Islamic bank and has QR4bn of authorised capital. It has QR3bn of issued capital.