Press Relea

To secure a standard data security and speed of flow

The Group Signs a Contract with Qatar National Broadband Network (Qnbn) To Establish a Private Network

In order to achieve standard levels of data security and for ensuring data flow speed while maintaining continuity, a contract has been signed between The Group and Qatar National Broadband Network (Qnbn) for establishing a private fiber optic network to connect four sites including Qatar Stock Exchange.

For Qatar National Broadband Network (Qnbn) signed Dr. Ahmed Bin Salman Al-Sulaiti, Chief Executive Officer, who said: signing this agreement and will enhance the role of (Qnbn) in achieving the vision of Qatar 2030, providing the highest standards for telecom services and helping to support the pace of economic growth in the state of Qatar.

Qnbn will be responsible for designing, implementing and managing the fiber optic cables and related passive telecommunications of the Group in order to provide a fast and secure network to ensure the continuity of data and updated stock information to all the interested.

The Group was represented by Mr. Hamad Bin Khalaf Al-Moudadi, Chairman of the Board of Directors, who emphasized the importance of the “Private Network” which will provide standard and high level of data security and ensure continuous data flow with unlimited capacity including Qatar Stock Exchange and The Group Data Centers to enable The Group achieve highest trading levels in real time and at all times. He praised the close cooperation with Qatar National Broadband Network (Qnbn), which provided this reliable service to a national institution.