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QNB names Abdulla Mubarak as acting CEO

QNB names Abdulla Mubarak as acting CEO
Al Khalifa replaces Ali Al Kuwari
QNB
QNBK
-0.07% 14.20 -0.01

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 industry minister and became a board member at the Qatar Investment Authority. 

It is worth mentioning that QNB’s profits rose 5.6% year-on-year to QAR 10.8 billion ($3 billion) during the first nine months of 2018.

By the end of Sunday’s session, the heavyweight QNB’s stock inched down 0.02% at QAR 191.98.