Qatar  | عربي

Doha, 19 March 2018 – Further to the announcement made on 12 March 2018, the Board of Directors’ of QNB have approved 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 will be convened to present and approve the proposed amendment to QNB’s Articles’ of Association by adding an agenda item in respect of the above after securing the appropriate regulatory approvals of the proposed amendment.  

QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 28,800 operating through more than1,230 locations, with an ATM network of more than 4,200 machines

 

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