Qatar National Bank QPSC (QNBK)

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 …

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 …

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 …

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. …

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 …

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 …

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 …

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. …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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

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 …

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 …

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 …

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 …

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 …

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) …

By: Eman Ghaly Mubasher: Qatar National Bank’s (QNB) stock price reached the highest level during Wednesday’s trading session, leading the Qatar Stock Exchange (QSE) in terms of liquidity. By 12:55 pm Qatar time, QNB’s stock rose 1.22% to QAR …

Mubasher: Qatar National Bank (QNB) Financial Services raised Industries Qatar’s price target (PT) to QAR 126 per share instead of QAR 109. The new PT is lower than the current market price, which is amounted to QAR 132, by 4.5%, the brokerage arm …