Qatar’s Dukhan Bank launches 1st eco-friendly vehicle finance offer

By Arya M Nair, Official Reporter
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Dukhan Bank green financing offer for Vehicles

Dukhan Bank, Qatar’s leading retail bank, has introduced its first eco-friendly vehicle finance offer with a competitive profit rate for new and existing customers who are ready to make their next vehicle purchase an electric or hybrid one.

In addition to availing a highly attractive reduced profit rate of 1 percent less than the car finance profit rate for regular cars, customers applying for Dukhan Bank eco-friendly vehicle finance will also benefit from a complimentary Dukhan Bank credit card for 1 year along with an added benefit of 3 months grace period. This offer is valid until September 30, 2023.

In support of the Bank’s commitment to its Environmental, Social and Governance (ESG) strategy, Dukhan Bank’s eco-friendly vehicle finance increases the number of sustainable ‘green’ finance products it offers to customers.

Talal Ahmed Abdulla Al Khaja_Dukhan Bank launches green financing offer for vehicles
Talal Ahmed Abdulla Al Khaja
CCO – Dukhan Bank

“Demand for electric vehicles is on the rise and as more drivers choose to drive zero-emission cars, Dukhan Bank is delighted to offer the best-in-class eco-friendly vehicle finance solution for both new and existing customers. A low-profit rate means owning an electric car is more affordable than ever. This new offer will drive forward our journey to strengthen green mobility across Qatar and is a step towards a greener environment.”

Earlier this year, the extraordinary general assembly (EGA) meeting of Dukhan Bank approved the conversion of the bank to a Qatari public shareholding company, a direct listing of the share capital of the bank on the main market of the Qatar Stock Exchange (QSE), and increasing the level of foreign ownership of the shares of to 49 percent.

Related: EGA meeting approves Dukhan Bank’s listing on QSE