Qatar Industrial Development Bank (presently known as Qatar Development Bank ) was established by the Emiri Decree No.14 of 1997 to promote and encourage economic and industrial development in the country .The success that the bank accomplished in developing the industrial sector led to the bank changing its name to ‘Qatar Development Bank’ by changing its articles of association in 2007 .The new articles of association has broadened the scope of activities of the bank ,enabling it to contribute to the development of the industrial, tourism, educational, health care, agricultural, animal resources and fisheries sectors of the Qatari economy.
Mode of Finance
The State of Qatar ,which owns all the shares in the Bank ,has increased its capital from QR 200 million to QR 10 billion.
(last updated: 15-December-2009)
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