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QNB Group Seeks Shareholder Approval to Increase Non-Qatari
Share Ownership Limit to 49%
March 12, 2018
QNB Group intends to recommend to the Extraordinary
General Assembly of the Bank, to approve increasing the
percentage of non-Qatari ownership in the Company’s capital to
49% instead of 25% in accordance with the applicable provisions
of Law No. 9 of 2014 regulating the Investment of Non-Qatari
Capital in the Economic Activity and subject to approval of the
concerned regulators.
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 Extraordinary General Assembly
approval of the proposed amendment.
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