QNB Group Announces Successful Arrangement of €1.75 Billion Syndicated Bank Loan

QNB Group announced that it had successfully arranged an unsecured bank syndicated loan of 1.75 billion euros over a three-year period.
During the process of arranging the syndicated loan, QNB Group received a large number of subscription requests that exceeded the required, and the issuance was distinctly supported by the 31 participating banks.
This great turnout is a testament to the confidence of investors in the financial position of QNB Group, and its position as the largest financial institution in the Middle East and Africa region.
Crédit Agricole, ING Bank, Intesa Sanpaolo, Société Générale and UniCredit were appointed as arranging and subscription managers for the loan, and Société Générale acted as documentation agent and facility agent.
It is worth noting that QNB Group was established in 1964, and it was listed on the Qatar Stock Exchange in 1997, and that the authorized capital, paid-in capital and total number of subscribed shares are 9 billion and 236 million and 428 thousand and 570 riyals, and the number of tradable shares is 4 billion And 616 million and 214 thousand and 860 shares.