QNB: - THE OWNERSHIP LIMIT OF A NATURAL OR LEGAL PERSON IN THE BANK'S CAPITAL
Further to the announcement made on 12March 2018, the Board of Directors’ of QNB haveapproved amendment of the below mentioned Article as shown below.
| Article # |
Current article version |
Proposed amendment |
|
7 |
Except the Qatar Investment Authority (owner of 50% of the capital of the Company) and General Retirement and Social Insurance Authority, no person, natural or juridical, shall own, at any time, more than (2%) of the shares of the Company other than by way of inheritance or testament. |
Except the Qatar Investment Authority (owner of 50% of the capital of the Company) and General Retirement and Social Insurance Authority, no person, natural or juridical, shall own, at any time, more than (5%) of the shares of the Company other than by way of inheritance or testament. |
An Extraordinary General Assembly willbe convened to present and approve the proposed amendment to QNB’s Articles’ ofAssociation by adding an agenda item
in respect of the above after securingthe appropriate regulatory approvals of the proposed amendment.
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