Log In

 

Company Name : QNB Group

Tuesday, March 13, 2018 11:27AM IST (5:57AM GMT)

(BW)(QNB-GROUP)

QNB Group Seeks Shareholder Approval to Increase Non-Qatari Share Ownership Limit To 49%


Doha, Qatar

QNB Group intends to recommend to the Extraordinary General Assembly of the Bank, to approve increasing the percentage of non-Qatari ownership in the Company’s capital to 49% instead of 25% in accordance with the applicable provisions of Law No. 9 of 2014 regulating the Investment of Non-Qatari Capital in the Economic Activity and subject to approval of the concerned regulators.

 

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180312005438/en/

 
QNB Group Head office in Doha, Qatar (Photo: AETOSWire)

QNB Group Head office in Doha, Qatar (Photo: AETOSWire)

An Extraordinary General Assembly will be convened to present and approve the proposed amendment to QNB’s Articles’ of Association by adding an agenda item in respect of the above after securing the appropriate regulatory approvals of the proposed amendment.

 

QNB Group will disclose the date and venue of the Extraordinary General Assembly in due course.

 

QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees exceeds 28,200 operating through more than 1,230 locations, with an ATM network of more than 4,300 machines.

 

*Source: AETOSWire

 

 
MULTIMEDIA AVAILABLE :
http://www.businesswire.com/news/home/20180312005438/en/


Click here for Media Contact Details
CONTACTS :

QNB Group
Yousef Jassim Fakhroo, +97444975704
pr@qnb.com


More News from QNB Group

11/10/2018 10:28PM

QNB Group: Financial Results for the Nine Months Ended 30 September 2018

QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the nine months ended 30 September 2018.   This press release features multimedia. View the ...

11/07/2018 7:49PM

QNB Group: Financial Results for the Six Months Ended 30 June 2018

QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the six months period ended 30 June 2018.   This press release features multimedia. View the ...

11/04/2018 11:19AM

QNB Group: Financial Results for the Three Months Ended 31 March 2018

QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the three months ended 31 March 2018.   This press release features multimedia. View the full ...

Similar News

11/12/2018 2:22PM

Egon Zehnder Global Board Diversity Tracker Suggests Gender Parity in the Boardroom May Never Be Achieved

20.4% of board seats of the largest companies globally are now held by women, up from 18.5% in 2016. With the rate of progress towards parity decelerating, and with nearly three quarters of all new appointments ...

No Image

11/12/2018 2:06PM

Cred Opens Its Platform to Developers and Businesses

Cred, the leading provider of crypto-backed lending with over $300 million in credit facilities, today announced the launch of CredX, Cred’s developer platform, enabling any company or developer to turn their ...