Qatar National Bank QPSC (QNBK)

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News

23 February 12:46 PM Marafiq secures regional, global financing for $500m Amiral wastewater treatment project

Riyadh - Mubasher: Power and Water Utility Company for Jubail and Yanbu (Marafiq) has completed the financial closure of the Amiral Industrial Wastewater Treatment and Reuse Project in Jubail Industrial City 2, which is valued at $500 million …

Global Economy

7 January 01:15 PM Mastercard licenses QNB to expand payment services in Syria

Mubasher: Qatar National Bank (QNB) Group obtained a license from Mastercard to expand its issuing and acquiring business in Syria, according to a press release. Through this license, the MEA-focused lender will provide Mastercard payment …

Global Economy

27 August 2023 01:56 PM Qatar’s QNB expands operations in Saudi Arabia

Mubasher: Qatar National Bank (QNB) Group has opened its second branch in Saudi Arabia to boost its presence in the region. The new office is located in the port city of Jeddah, where the lender will offer solutions for its retail and corporate …

Companies Investments

16 June 2021 11:02 AM Saudi Arabia, UAE dominate Forbes Middle East’s top 50 listed banks

Mubasher: Saudi and Emirati banks had the most entries in Forbes Middle East’s Top 50 Banks in The Middle East list for 2021 with 10 financial institutions each. Qatar National Bank topped the region’s listed banks with profits of $3.3 billion and …

Sector Reports

4 October 2019 06:01 PM NBE, QNB provide EGP 1.7bn loan to Egyptian developer

Cairo – Mubasher: The National Bank of Egypt (NBE) and Qatar National Bank (QNB) have signed EGP 1.7 billion syndicated credit facility agreement with Redcon Construction Company, according to a statement. The loan will be used to finance the …

Banking and Finance

26 August 2019 03:38 PM GCC banks’ assets hit $2.2trn in H1

By: Bedour Al Raee Mubasher: Assets of banks operating in the GCC increased by 9.13% year-on-year during the first half of 2019. Total assets recorded $2.19 trillion in H1-19, compared to $2.01 trillion in H1-18, according to Mubasher statistics. …

Macroeconomics

20 August 2019 09:29 PM GCC banks post $18.5bn profits in H1-19

By: Bedour Al Raee  Riyadh – Mubasher: A number of 61 banks in the GCC reported an 8.5% year-on-year profit hike during the first six months of 2019, recording $18.54 billion. Emirates NBD topped profitable banks in the GCC in H1-19, registering …

Banking and Finance

2 May 2019 05:38 PM QNBFC research recommends buying of GBK’s stock

Mubasher: The research unit of the Qatar National Bank (QNB) on Thursday recommended the building of positions in Gulf Bank of Kuwait’s (GBK) stock, setting the target price at 345 fils per share. Since 17 December 2018, the stock grew 15%, which …

Trading Activities

9 April 2019 02:22 PM QNB’s profit grows 4% in Q1-19

Mubasher: Qatar National Bank (QNB) on Tuesday reported a 3.8% year-on-year increase in net profit for the first quarter of 2019. Net profits of the largest bank in the Middle East and Africa amounted to QAR 3.56 billion ($986.46 million) in the …

Financial Results

22 March 2019 00:38 AM QNB’s dollar bond issue oversubscribed by 3x

Mubasher: Qatar National Bank (QNB) on Thursday announced the issuance of $1 billion bonds under the bank’s medium-term note programme. The dollar-dominated bonds will mature in five years, with a 3.5% yield, the Qatar News Agency (QNA) reported. …

Bonds

21 March 2019 11:33 AM QNB hires 7 banks for dollar bond issue

Mubasher: Qatar National Bank (QNB) on Thursday announced the appointment of seven banks as joint lead managers for its dollar-denominated bond issue as part of its medium-term note programme. The mandated banks include ANZ, Barclays Bank, Credit …

Bonds

6 March 2019 04:21 PM QNB closes EUR 2bn syndicated loan

Mubasher: Qatar National Bank (QNB) on Wednesday announced closing EUR 2 billion ($2.26 billion) three-year senior unsecured term loan facility. The facility was oversubscribed 1.75 times after the Qatari lender received commitments of nearly EUR …

Banking and Finance

6 March 2019 00:37 PM QNB cuts Industries Qatar’s PT to QAR 119/shr

Mubasher: Qatar National Bank (QNB) Financial Services reduced the price target (PT) for Industries Qatar by 5.6% to QAR 119 per share, from QAR 126 and maintained "Market Perform" recommendation, with a more conservative approach, according to a …

Stock Evaluations

11 February 2019 00:40 PM QNB’s shareholders nod to 60% cash dividends for 2018

Mubasher: Qatar National Bank (QNB) on Monday said that its shareholders had approved the board’s recommendation to distribute 60% of the share’s nominal value, or QAR 6 per share, as a cash dividend for 2018 during an ordinary general meeting …

Corporate Actions

4 February 2019 04:54 PM QNB maintains QEWS PT at QAR 209/shr

Mubasher: Qatar National Bank (QNB) Financial Services maintained the price target (PT) for Qatar Electricity and Water Company (QEWS) at QAR 209 per share and kept its recommendation at “accumulate”. The brokerage arm of the largest bank in the …

Stock Evaluations

4 February 2019 03:59 PM Court rejects Dlala Brokerage’s lawsuit against QNB

Mubasher: Qatar’s court of first instance rejected a case filed by Dlala Brokerage Company, 99.9%-owned by Dlala Brokerage and Investment Holding, against Qatar National Bank (QNB). The court obliged the implicated litigant Hamad Al Naama to pay …

Law

31 January 2019 01:49 PM Capital Intelligence affirms QNB rating, raises outlook

Mubasher: Capital Intelligence (CI) affirmed its rating for Qatar National Bank’s (QNB) financial strength rating (FSR) at 'AA-'. The Long- and short-term foreign currency ratings (FCRs) were also affirmed at 'AA-' and 'A1+', respectively, at the …

Ratings

30 January 2019 05:27 PM QNB keeps Gulf Warehousing’s PT at QAR 51/shr

Mubasher: Qatar National Bank (QNB) Financial Services maintained the price target (PT) for Gulf Warehousing Company (GWC) at QAR 51 per share and lowered its recommendation from “outperform” to “accumulate”. The Qatar-listed firm reported a …

Stock Evaluations

23 January 2019 03:51 PM 6 Qatari banks among world’s top 500 valuable brands

Six Qatari banks have been ranked among the top 500 valuable lenders in terms of market capitalisation.

Global Reports

23 January 2019 03:21 PM 6 Qatari banks among world’s top 500 valuable brands

By: Eman Ghali  Mubasher: Six Qatari banks have been ranked among the top 500 valuable lenders in terms of market capitalisation, according to the Banker’s Brand Finance Global 500 2019 report. Qatar National Bank (QNB) retained its 61st ranking …

Banking and Finance

15 November 2018 05:40 PM QNB keeps Commercial Bank of Qatar's PT at QAR 35/shr

Mubasher: Qatar National Bank (QNB) on Thursday announced maintaining the price target (PT) for the Commercial Bank of Qatar (CBQ) at QAR 35 per share. The new PT is 14.4% lower than the share's current market price, as CBQ’s stock ended Thursday …

Sector Reports

12 November 2018 01:43 PM Industries Qatar to distribute QAR 7/shr dividends for 2018 – QNB

Mubasher: Qatar National Bank (QNB) Financial Services expected Industries Qatar to distribute a cash dividend of QAR 7 per share for the full-year 2018, according to a statement on Monday. The Qatari producer of petrochemicals, metals, and …

Cash Dividends

11 November 2018 04:33 PM QNB names Abdulla Mubarak as acting CEO

Mubasher: Qatar National Bank (QNB) on Sunday announced that it has appointed Abdulla Mubarak Al Khalifa as acting interim CEO of the largest bank in the Middle East and Africa. Al Khalifa replaces Ali Al Kuwari, who was named as the trade and …

Banking and Finance

31 October 2018 00:37 PM QSE banking sector’s profit rises 9% in Q3 – Survey

By: Eman Ghaly Mubasher: Profits of the banks listed on the Qatar Stock Exchange (QSE) increased 9% year-on-year during the third quarter of 2018, according to Mubasher’s statistics. Lenders’ profits amounted to QAR 6.14 billion ($1.70 billion) in …

Banking and Finance

29 October 2018 04:42 PM Three lenders to finance Qamco’s IPO

Mubasher: Three Qatari banks announced plans to finance the subscribers to the initial public offering (IPO) of Qatar Aluminium Manufacturing Company (Qamco).  The three banks are Qatar National Bank (QNB), Qatar International Islamic Bank (QIIB) …

Banking and Finance