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4-Traders Homepage  >  Equities  >  DOHA SECURITIES MARKET  >  Doha Bank QPSC    DOBK   QA0006929770

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Doha Bank (Q.S.C) : Doha Bank launches Summer Cash Back Promotion on Credit Cards

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06/05/2013 | 07:49am CEST

Doha Bank launches Summer Cash Back Promotion on Credit Cards

Doha Bank has announced the launch of its annual summer credit card campaign which will provide eligible cardholders using Doha Bank credit cards with double earnings on all their local and overseas spending throughout the months of June, July and August 2013. For the past 3 consecutive years, Doha Bank has provided cardholders with the best cash back award during the summer and this year too, the long awaited promotion promises to be the best offer in town.


While Doha Bank cardholders continue to enjoy the most generous loyalty programme in Qatar, the double rewards that cardholders will accumulate during the season will then be convered to cash and paid back to customers at the end of the promotional period, making this promotion twice as much fun!

Doha Bank Group CEO, Dr. R. Seetharaman said on the launch of the campaign: "Doha Bank's summer credit card offers have been the most successful and rewarding promotions of their kind in recent years and each year the Bank strives to deliver a new and exciting proposition that helps our customers gain more value from their seasonal spending on vacations and summer purchases using their cards. By giving our customers double earnings on Cash Back , this summer. All Doha Bank cardholders will be rewarded against every purchase they do in Qatar or anywhere else around the world."

Doha Bank's Head of Retail Banking, Mr. Suresh Bajpai adds: "Based on customer feedback and market trends, we have seen greater redemption demand during this period through our travel, lifestyle, retail and leisure partners during the summer season and this campaign is designed to help customers utilise the full breadth of Doha Bank's partnerships with the leading brands in Qatar. However we are aware that many customers due to unforeseen circumstances may not be able to redeem their Points, which is why Doha Bank will give all eligible customers the added value of automatic cash back credited to their accounts at the end of the promotion so every customer is able to receive value from all their local or overseas spend even if its just a cash withdrawal in Qatar.

With this unique campaign, existing cardholders can make the best out of their summer holidays whether in Qatar or abroad and new customers have additional reasons to apply and enjoy the benefits of this campaign along with the "free for life" feature and the best loyalty programme on our Dream cards.

Doha Bank's loyalty programme is the most rewarding of its kind in Qatar and allows customers to redeem accumulated points at over 250 partnering retail and lifestyle outlets across the country. It is worth mentioning that Doha Bank credit cards won "Best credit card Award in the Middle East" by the Banker Middle East Awards for 2013. This is mainly due to the attractive features and the only loyalty programme that allows redemptions for purchasing all items for free - this ranges from air tickets on any airline, to any destination, holiday packages, car rentals, hotel bookings to groceries, electronics, clothing, jewellery, watches, mobiles, furniture and much more. With the current summer promotion, Doha Bank also becomes the only Bank offering the most rewarding cash back programme in Qatar.

Customers must spend at least QR 3,000 each month to be eligible for the campaign.

To apply for the best credit card in town and make use of the double cash back rewards this summer, SMS 'DREAM' OR 'LULU' to 92610 to arrange for a visit to your office by our sales team or visit any Doha Bank branch to apply today. Details of the promotion including T & C can be found by clicking on www.dohabank.com.

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Financials ( QAR)
Sales 2017 2 812 M
EBIT 2017 1 739 M
Net income 2017 869 M
Debt 2017 -
Yield 2017 7,63%
P/E ratio 2017 9,95
P/E ratio 2018 9,46
Capi. / Sales 2017 3,31x
Capi. / Sales 2018 3,10x
Capitalization 9 298 M
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Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Average target price 31,3  QAR
Spread / Average Target 4,4%
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Managers
NameTitle
Raghavan Seetharaman Group Chief Executive Officer
Fahad bin Mohammad Jabor Al-Thani Chairman
Lars Gunnar Head-Operations
David Challinor Chief Financial Officer
Mohammad Abid Mohammad Hanif Head-Information Technology
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