60% pay rise for Qatari staff of QFIB

By Rizwan Khatik - Sat Nov 05, 2:01 pm

Qatar First Investment Bank (QFIB), Qatar’s independent Shariah-compliant investment bank, announced that its board of directors had decided to increase the basic salary and social allowance of its Qatari employees by 60%.

The decision is in line with the Emiri decree to increase the salaries of government employees announced last September.

QFIB chairman Abdulla bin Fahad bin Ghorab al-Marri said that “developing the local human capital is a major pillar of Qatar’s National Vision for 2030. As a local player in the Qatari market, QFIB is committed to support Qatar’s national vision and assist in developing the national manpower. Our aim is to attract the Qatari talent and guide them in developing their careers to become the future leaders of the financial sector in Qatar. We hope this move will encourage our Qatari employees to unleash their creativity and potential and become major contributors as Qatar moves to become a knowledge-based economy.”

QFIB has in place a strategic plan to coach and mentor its Qatari talent in order to equip them with the necessary skills and knowledge to progress with their careers.