QNB Signs Agreement with Egyptian CI Capital to Sell Its 2.1% Stake in QNB Egypt

February 18, 2018

QNB Group has mandated CI Capital in Egypt to advise on the necessary action to sell approximately 2.1% of QNB Group's stake in QNB ALAHLI, Egypt, to reach approximately 95% after the sale, in order to comply with the free float requirements of the Egyptian Stock Exchange (EGX) and the requirements of other concerned local regulators. QNB Group’s current shareholding in QNB ALAHLI amounts to 97.12%.