Doha - Mubasher: Qatar First Bank appointed Khalid Al Khoori as its acting CEO, pending the approval of regulatory authorities, according to a bank statement.

The appointment came after Ziad Makkawi resigned, the bank added in its statement to the Qatar Stock Exchange (QSE) on Monday.

The bank incurred losses attributable to shareholders of QAR 266 million in 2016, compared to a net profit of QAR 66 million in 2015.

At 9:56am Qatar time, the bank’s stock settled at QAR 8.57 by trading 50,660 shares worth QAR 433,330.