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MarketScreener Homepage  >  Equities  >  DOHA SECURITIES MARKET  >  Doha Bank QPSC    DOBK   QA0006929770

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Go green: Doha Bank's special loan offer for electric car buyers

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08/15/2018 | 06:15am CEST

Tribune News network Doha In another effort to support the sustainability objectives of the Qatar Vision 2030, Doha Bank has announced a special Green Car Loan offer to encourage residents to opt for environmentally-friendly vehicles. Encouraging customers to become more energy efficient and sustainable, with their car options, the exciting offer features discounts on interest rate on car loan, that are electric or hybrid car, the bank said in a statement on Tuesday. The Green Car Loan is available for select new and pre-owned electric and hybrid car models. The loan allows customers to take advantage of special features including a flat interest rate starting at 1.99 percent per annum (pa) (reducing rate of 3.75 percent pa), complimentary comprehensive car insurance for the first year; complimentary 24/7 roadside assistance from Doha Bank Assurance Company and a pre-approved instant personal loan among other benefits. Dr. R. Seetharaman, CEO of Doha Bank, said,"At Doha Bank, we are firmly committed to playing a leading role in supporting environmental sustainability and helping transform our nation into a green, low-carbon economy. "Our Go Green initiatives are aimed at helping build a greener future for all, and our Green Car Loan offer is another step in that direction that makes it rewarding for Qatari residents to opt for eco-friendly vehicles. "We encourage the Qatari community to join us in our mission to protect the environment and lead the drive towards our country's sustainable future."

(c) 2018 Qatar Tribune. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (QAR)
Sales 2018 2 922 M
EBIT 2018 1 909 M
Net income 2018 867 M
Debt 2018 -
Yield 2018 7,55%
P/E ratio 2018 9,73
P/E ratio 2019 7,92
Capi. / Sales 2018 2,75x
Capi. / Sales 2019 2,64x
Capitalization 8 033 M
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 8
Average target price 27,5  QAR
Spread / Average Target 5,9%
EPS Revisions
Raghavan Seetharaman Group Chief Executive Officer
Fahad bin Mohammad Jabor Al-Thani Chairman
Peter Roberts Chief Operating Officer & Head-Technology
David Challinor Chief Financial Officer
Abdulla bin Mohamed Jabor Al-Thani Non-Executive Director
Sector and Competitors