Company Insights Qatar National Bank Banking & Finance Qatar National Bank News Finance Qatar National Bank’s Q3 profit rises on loan growth Qatar National Bank (QNB), the largest lender by assets in the GCC, reported a 5 percent year-on-year growth in its net profit for the third quarter of 2024, on higher levels of loans and advances. The bottom line rose to QR4.5 billion ($1.23 billion) from July to September, as net interest income and net fees […] October 9, 2024 Tech Ooredoo secures $552m loan for data centre expansion Qatar’s telecom major Ooredoo has secured a QR2 billion ($552 million) financing deal to accelerate the development of its data centres and artificial intelligence (AI) ventures. The 10-year hybrid facility, comprising both commercial and Islamic tranches, was provided by Qatar National Bank, Doha Bank and Masraf Al Rayan. The company claimed this is the “largest […] September 25, 2024 Finance QIA looks at investments in Australia and Asia Qatar Investment Authority (QIA) is looking at expanding into Australia, South Korea and Southeast Asia as part of its growth strategy, a senior fund official has said. The sovereign fund is starting to hire locally in Australia and South Korea, Abdulla Ali Al-Kuwari, head of Asia Pacific at QIA Advisory, told a panel at the […] September 20, 2024 Banking & Finance QNB proposes first interim dividend in 60 years Qatar National Bank (QNB), the largest Gulf bank by assets, has proposed to distribute the first-ever interim dividend in six decades after strong retained earnings and sufficient regulatory reserves. The board plans to pay a 33 percent interim dividend, or QR0.33 per share, payable to shareholders on record at the close of trading on July […] July 9, 2024 Analysis Markets Sustained sell-off makes Qatari stocks more attractive Qatari stocks are among the Gulf’s most attractively priced, according to core metrics, after a sustained slump on Doha’s bourse. The decline – the Qatari index is down about 27 percent from its late 2021 peak – comes after a momentous rally that propelled the index to a seven-year high when investors bet on a […] July 1, 2024 Banking & Finance Qatar National Bank reveals 7% increase in Q1 profit Qatar National Bank’s (QNB) net profit increased seven percent year on year to just over QR4 billion ($1 billion) in the first quarter of 2023. Operating income rose 11 percent annually to above QR10 billion, maintaining strong growth across various income streams. The bank’s net interest income increased by 12 percent to QR8 billion. You […] April 9, 2024 Analysis Banking & Finance GCC banks look to US and Europe GCC banks may be forced to look overseas to fulfil growth ambitions as home markets become increasingly saturated, experts say. While some banks have already ventured abroad – mainly into Turkey, Egypt and Pakistan, which constitute nearly a half of their presence outside the Gulf – more developed markets such as the US and Europe […] February 28, 2024 Leisure & Hospitality Cenomi Centers gets $1.4bn to support growth plans Cenomi Centers, Saudi Arabia’s largest shopping mall operator, has secured sustainability-linked financings worth SAR5.3 billion ($1.4 billion) from a consortium of regional banks. HSBC Saudi Arabia led the syndication, with participation from Saudi National Bank, Saudi Awwal Bank, Arab National Bank, Commercial Bank of Dubai, Mashreq Bank, and Qatar National Bank. The new facilities consist […] February 14, 2024 Opinion Banking & Finance Strong results likely from Gulf banks – but there’s more to success than profit Expect healthy returns for 2023, yet look beyond the financials for 2024 January 26, 2024 Finance Qatar National Bank raises $1bn from 5-year eurobonds Qatar National Bank, the Gulf region’s biggest bank by assets, has raised $1 billion through its eurobond medium-term note programme. The bond was issued on January 23 2024 and matures on January 30 2029, with a coupon rate of 4.875 percent a year, the state-owned Qatar News Agency reported, quoting a statement by the bank. […] January 25, 2024 Posts navigation Previous 1 2 3 4 Next
Finance Qatar National Bank’s Q3 profit rises on loan growth Qatar National Bank (QNB), the largest lender by assets in the GCC, reported a 5 percent year-on-year growth in its net profit for the third quarter of 2024, on higher levels of loans and advances. The bottom line rose to QR4.5 billion ($1.23 billion) from July to September, as net interest income and net fees […] October 9, 2024
Tech Ooredoo secures $552m loan for data centre expansion Qatar’s telecom major Ooredoo has secured a QR2 billion ($552 million) financing deal to accelerate the development of its data centres and artificial intelligence (AI) ventures. The 10-year hybrid facility, comprising both commercial and Islamic tranches, was provided by Qatar National Bank, Doha Bank and Masraf Al Rayan. The company claimed this is the “largest […] September 25, 2024
Finance QIA looks at investments in Australia and Asia Qatar Investment Authority (QIA) is looking at expanding into Australia, South Korea and Southeast Asia as part of its growth strategy, a senior fund official has said. The sovereign fund is starting to hire locally in Australia and South Korea, Abdulla Ali Al-Kuwari, head of Asia Pacific at QIA Advisory, told a panel at the […] September 20, 2024
Banking & Finance QNB proposes first interim dividend in 60 years Qatar National Bank (QNB), the largest Gulf bank by assets, has proposed to distribute the first-ever interim dividend in six decades after strong retained earnings and sufficient regulatory reserves. The board plans to pay a 33 percent interim dividend, or QR0.33 per share, payable to shareholders on record at the close of trading on July […] July 9, 2024
Analysis Markets Sustained sell-off makes Qatari stocks more attractive Qatari stocks are among the Gulf’s most attractively priced, according to core metrics, after a sustained slump on Doha’s bourse. The decline – the Qatari index is down about 27 percent from its late 2021 peak – comes after a momentous rally that propelled the index to a seven-year high when investors bet on a […] July 1, 2024
Banking & Finance Qatar National Bank reveals 7% increase in Q1 profit Qatar National Bank’s (QNB) net profit increased seven percent year on year to just over QR4 billion ($1 billion) in the first quarter of 2023. Operating income rose 11 percent annually to above QR10 billion, maintaining strong growth across various income streams. The bank’s net interest income increased by 12 percent to QR8 billion. You […] April 9, 2024
Analysis Banking & Finance GCC banks look to US and Europe GCC banks may be forced to look overseas to fulfil growth ambitions as home markets become increasingly saturated, experts say. While some banks have already ventured abroad – mainly into Turkey, Egypt and Pakistan, which constitute nearly a half of their presence outside the Gulf – more developed markets such as the US and Europe […] February 28, 2024
Leisure & Hospitality Cenomi Centers gets $1.4bn to support growth plans Cenomi Centers, Saudi Arabia’s largest shopping mall operator, has secured sustainability-linked financings worth SAR5.3 billion ($1.4 billion) from a consortium of regional banks. HSBC Saudi Arabia led the syndication, with participation from Saudi National Bank, Saudi Awwal Bank, Arab National Bank, Commercial Bank of Dubai, Mashreq Bank, and Qatar National Bank. The new facilities consist […] February 14, 2024
Opinion Banking & Finance Strong results likely from Gulf banks – but there’s more to success than profit Expect healthy returns for 2023, yet look beyond the financials for 2024 January 26, 2024
Finance Qatar National Bank raises $1bn from 5-year eurobonds Qatar National Bank, the Gulf region’s biggest bank by assets, has raised $1 billion through its eurobond medium-term note programme. The bond was issued on January 23 2024 and matures on January 30 2029, with a coupon rate of 4.875 percent a year, the state-owned Qatar News Agency reported, quoting a statement by the bank. […] January 25, 2024
