Doha Bank joins FTSE4Good emerging index

Mubasher: Doha Bank on Monday announced that it has been selected in the FTSE4Good emerging index.

The decision promotes the bank’s position as a global sustainability leader in Qatar, with strong environmental, social and governance (ESG) performance, according to the lender’s filing to the Qatar Stock Exchange (QSE).

“Doha Bank was rated above the threshold for companies in emerging markets, as well as that of developed markets, by FTSE Russell,” the statement highlighted.

Qatar’s largest private commercial bank was selected amongst 134 financial services companies from emerging markets, including China, Brazil, South Africa, and GCC.

“FTSE4Good Emerging Index is a matter of great institutional pride and is a reflection of our consistent focus on prioritising Corporate Governance, Risk Management, and ESG performance,” the statement added.

It is worth noting that the FTSE4Good Emerging Index, launched in December 2016, assesses around 1,000 companies across 47 countries, and it comprises 528 organisations while covering 23 emerging economies including Brazil, China, Malaysia, Mexico, Qatar, Russia, South Africa, and the UAE.

By 10:27 am Qatar time, Doha Bank’s stock declined 1.15% at QAR 21.78.

Mubasher Contribution Time: 03-Dec-2018 07:46 (GMT)
Mubasher Last Update Time: 03-Dec-2018 07:54 (GMT)