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.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: June 18, 2018
UAE. 24% of Middle Eastern entrepreneurs are motivated by social impact and view it as their top priority as a business owner; 66% are undertaking angel investing.
date:Posted: June 16, 2018
UAE. MENA region recorded 93 deals amounting to US$15.4b in Q1 2018; UAE records highest announced Q1 deal value in the region at US$5.1b; Oil & gas deal value reached US$7.2b in Q1 2018; Almost 80% of MENA boards focused on portfolio transformation.
date:Posted: June 14, 2018
UAE. McAfee report sounds industry alarm: Don't start the blockchain revolution without making security a top priority.
dhgate