QNB Expands Maximum Ownership of Natural or Juridical Persons in the Bank's Capital to 5%

March 20, 2018

Kindly note that, further to the announcement released on 12 March 2018, QNB Board of Directors has approved the Extraordinary General Assembly’s recommendation to the Bank to amend Article 7 of the its Statute, so as to read as follows:

Article (7)

Before amendment:

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.

After proposed amendment:

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 shall be convened for the purpose of amending the Statute in accordance with the foregoing, after obtaining the necessary regulatory approvals.