Qatar  | عربي

Qatar National Bank-Syria (QNB-Syria) held its Extraordinary General Assembly meeting on 13 May 2010, bringing together the Bank’s major founding shareholders as well as other individual and institutional shareholders. The number of represented shareholders that attended the meetings exceeded the required quorum.
The Extraordinary General Assembly approved several proposals, the most important of which is increasing QNB-Syria’s capital to USD300 million (SL15 billion). The capital increase will strengthen the Bank’s financial position and consequently support QNB-Syria’s aim to be a major financial institution in Syria.
The Bank received approval from the Central Bank of Syria as well as other regulatory authorities for the capital increase and the increase of QNB’s stake from 49% to 55% of the total shares, which is an important step towards realizing QNB’s strategic international growth plans.

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