To: All conventional national Banks operating in Qatar

Subject: Revised Basel III framework, Pillar (I) Capital Adequacy

Referring to QCB Qatar Central Bank Circular No. 3/2014 dated on 6/1/2014 on Capital Adequacy ratio, and to Basel committee’s issuance (Revised Basel III framework, Pillar I Capital Adequacy), QCB decided to implement the revised framework as per the attached implementation instructions as from 1/1/2024.

Provided that the following must be complied with:

• (1) The current instructions of Qatar Central Bank Circular No. 3/2014 mentioned above, and the subsequent Qatar Central Bank Circular No. 16/2015 dated 11/3/2015 shall remain effective up to 31/12/2023.

• (2) Banks must calculate Capital Adequacy Ratio (Pillar I) as per the attached instructions as from 1/1/2024 which shall replace the current instructions attached to Qatar Central Bank Circular No. 3/2014.

• (3) Upon implementing the new instructions attached hereto paragraphs (2) and (5) of instructions mentioned in Qatar Central Bank Circular No. 3/2014 shall remain effective.