(MENAFN- The Peninsula) Qatar Islamic Bank (QIB) is planning to move its headquarters to the upcoming Lusail City. The bank's headquarters is currently located at the Grand Hamad Street, popular as Bank Street.
The country's leading Shariah-compliant bank also announced plans to open several new branches in the country at strategic locations as part of its expansion, according to Bassel Jamal, Group CEO of QIB.
"We have some lands in Lusail City where we are going to move our head office. We are starting a project but it will take some time," Jamal told The Peninsula on the sidelines of the Bank's General Assembly meeting yesterday.
He added: "We are focusing on the refurbishment of some old and existing branches, and also intend to open three to five new branches in different parts of the country, including The Pear-Qatar, The Gate Mall and City Centre."
The existing branch of QIB at the City Centre will be relocated within the mall. The new branch at the Qatar's leading shopping complex will be much bigger in size compared to the existing one.
"The City Centre branch of QIB is very small. We are expanding the size of the branch as we intend to provide the best possible services to our customers," said Jamal.
According to the QIB chief, the City Centre management is in the process of relocating all the bank's branches in the mall to different locations but within the complex.
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