QNB Group seeks shareholder approval to increase non-Qatari share ownership limit to 49%
Source: AETOS Wire for QNB Group , Author: Posted by BI-ME staff
Posted: Mon March 12, 2018 11:59 am

QATAR. -- (AETOSWire) -- 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.
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.



date:Posted: March 15, 2018
UAE. Aging and increasing populations, advances in medical treatments, and rising labor costs will drive spending; Digital technologies are playing a vital role in reducing costs, increasing access, and improving care and the patient experience.
date:Posted: March 14, 2018
UAE. Capturing greater value requires regional organizations to invest in more than just technology. It is also necessary to make significant organizational and process changes, including approaches to talent, IT management and risk management.
date:Posted: March 14, 2018
UAE. Deloitte launched the Deloitte Accelerator for Social Innovation (DASI) program in the Middle East, which provides social enterprises in the region with an opportunity to grow and scale their impact.