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- Saudi firms announce 2024 financial results amid Eid trading break
- Oman Cables 2024 net profit up 19.5pc; sales soar to $697m
- Agility posts solid results for 2024; revenue soars to $5bn
- AD Ports Group records $4.7bn in revenue for 2024
- WEG lands supply contract for $3bn Adnoc infrastructure project
- Qatar's banking sector sees increase in aggregate earnings
- OPEC+ to meet over excess Kazakh oil output
- Oil Updates - crude edges lower as market awaits fresh US tariffs
- Trump announces sweeping tariffs on imports, raising fears of inflation and trade wars
- New Saudi real estate directives reinforce home ownership goals: Finance minister
13/03/2018 05:34 AST
Qatar's 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 per cent instead of 25 per cent.
This is 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, a statement said.
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.
Trade Arabia
27/03/2025
QNB announced the signing of a strategic master agreement with QLM, the leading specialised insurance company to provide innovative insurance solutions to SMEs (small and medium enterprises). This ma
The Peninsula
23/03/2025
Severe policy uncertainties on the trade and fiscal fronts is driving market volatility and a deterioration of investor and consumer sentiment in the United States, according to QNB.
Earlier
Gulf Times
11/03/2025
As part of its commitment to social responsibility and community engagement, QNB hosted an Iftar for senior citizens and children at the HMC's Qatar Rehabilitation Institute to promote solidarity and
Qatar Tribune
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03/04/2025
Oman Cables Industry (OCI), a leading cable solutions provider in the sultanate, has announced that it has delivered solid results for yet another year with its sales turnover for 2024 soaring to RO2
Trade Arabia
03/04/2025
Agility, a supply chain services, infrastructure and innovation company based in Kuwait, has delivered solid results for FY 2024 with KD1.53 billion ($5 billion) in revenue as its operating entities
Trade Arabia
03/04/2025
AD Ports Group has achieved record-breaking results in 2024, with its revenues soaring to hit AED17.3 billion ($4.7 billion) and its ebitda (earnings before interest, taxes, depreciation and amortisa
Trade Arabia
03/04/2025
WEG, a leading electric motor, variable frequency drives and gearbox manufacturer, has announced that it will support the Abu Dhabi National Oil Company (Adnoc) set up a 300-km crude oil pipeline pro
Trade Arabia
29/03/2025
China's President Xi Jinping urged a gathering of multinational CEOs on Friday to protect global industry and supply chains, as Beijing seeks to assuage foreign firms' concerns over the Chinese econo
Reuters
Financial Information Co.
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