Qatar National Bank
“Market Cap $37.09 BAs of May 2014
At a Glance
- Industry: Regional Banks
- Founded: 1964
- Country: Qatar
- CEO: Ali Sharif Al Emadi
- Website: www.qatarbank.com
- Employees: 13,600
- Sales: $5.45 B
- Headquarters: Doha
#407 Global 2000
- #1579 in Sales
- #249 in Profit
- #216 in Assets
- #275 in Market value
Qatar National Bank SAQ is engaged in the commercial and Islamic banking activities. It provides asset management, personal, and business banking. The company was founded on June 6, 1964 and is headquartered in Doha, Qatar.”
“Qatar National Bank History
QNB – A historical perspectives:
Since its formation in 1964, QNB – previously known as Qatar National Bank until we rebranded in 2004 to QNB – has undergone a huge transformation over the decades, but one value has remained – we are passionate about our supporting role in the development of Qatar. And it is this role that continues to be our greatest strength today.
QNB has never lost sight of its principle aim which is to help Qatar reach its potential, and while no one at the time quite understood how far that achievement would take us. The support we have provided over the years, and continue to provide, is recognised and valued.
It is an honour to be a part of Qatar’s meteoric economic assent to rival the greatest cities, not only in the GCC but in the world.
Looking back at our achievements inspires us to continue to play a leading role in our nation’s future. We believe in investing and supporting the Qatari people to go forward with confidence, zest and determination.
Building the future
In 1966, QNB played a key role in financing the construction of Doha’s International Airport. Today we continue to play a leading role in financing massive infrastructure projects, including the new International Airport complex.
Included among the numerous construction projects it has financed through its corporate banking sector over the decades are industrial plants and expansions (Al Shamal Gas Field Project, Ras Laffan) to support the extraction of its vast liquid natural gas (LNG) resources; iconic towers, such as the Al Shard Tower in London; world-class educational facilities – including Qatar Education City, home to several international post-secondary institutions; leading health facilities and extensive residential and commercial developments. It was also instrumental in developing the towers that house the Qatar Financial Centre and a key force in the country’s successful bid to host the Asian Games in 2006 and its forthcoming hosting of the 2022 FIFA World Cup.
An expanding sphere of influence
In 1976, less than a decade after opening its first domestic branch, QNB launched its international presence with the opening of a branch in London, UK. Its international presence was complemented two years later with a branch opening in Paris, France. Then, in 2005, it began implementing an intensive and ambitious international expansion plan, enabling it to extend its presence into more than 26 countries today, comprised of associates, subsidiaries, branches and representative offices.
In 2009 QNB Geneva was opened, providing a third European presence for the QNB brand. Around the same time, the Group launched QNB-Syria, strengthening its presence in the Middle East. Today QNB-Syria has 15 branches located strategically throughout the country and will continue to expand.
QNB is determined to complement its leading role in shaping Qatar with a strong regional presence in the Middle East and North Africa (MENA). It is committed to enabling Qatar to positively influence economic development throughout neighbouring countries.
Continuing to capitalise on growth potential
In addition to expanding our European presence, in 2008 QNB significantly enhanced its domestic offerings with the launch of QNB Capital, offering expert advice on mergers and acquisitions (M&A), equity, debt and project advisory services. From M&A valuations, deal structuring and support with negotiations and transactions to support with initial public offerings and rights issues, to hedging debs and debt sourcing – QNB Capital provides a vast range of professional advice to clients looking to capitalize on opportunities.
QNB was the first bank in Qatar to launch a financial services subsidiary. The launch of QNB Financial Services (QNBFS) in January 2011 continued to expand the Bank’s persona as a modern-day financial success story. QNBFS offers a range of financial services to domestic and foreign institutional investors, high-net worth individuals, retail and corporate clients including mutual funds, brokerage services, research and advisory intelligence and asset management.
As it continues to go forward, honing new skills, developing new assets and expanding its sphere of influence, QNB is determined to position itself as a leading financial powerhouse that can, and will, use its assets to make a positive difference in the communities it serves. “
*Information from Forbes.com and Qatarbank.com
**Video published on YouTube by “QNBGROUP“