Qatar National Bank QPSC (QNB) News - Mubasher Info
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08 April 05:45 PM

Qatar National Bank QPSC (QNBK)

Last update: 01:14 PM market time.
17.80
-1.36
-7.08%
Open 17.70
Previous Close 19.21
High 17.95
Low 17.65
Stock Statistics
Volume 3,776,442
Turnover 67,236,351.16
All data are 15 minutes late during market session

News

Photo Gallery
27 August 2023 01:56 PM Qatar’s QNB expands operations in Saudi Arabia
Mubasher: Qatar National Bank (QNB) Group has opened its second branch in Saudi Arabia to boost its presence in the region. The new office is located in the port city of Jeddah, where the lender will offer solutions for its retail and corporate …
Banking and Finance
The Middle East listed banks reduce competition and increase their expertise
16 June 2021 11:02 AM Saudi Arabia, UAE dominate Forbes Middle East’s top 50 listed banks
Mubasher: Saudi and Emirati banks had the most entries in Forbes Middle East’s Top 50 Banks in The Middle East list for 2021 with 10 financial institutions each. Qatar National Bank topped the region’s listed banks with profits of $3.3 billion and …
Ratings
The loan will be used to finance property projects
4 October 2019 06:01 PM NBE, QNB provide EGP 1.7bn loan to Egyptian developer
Cairo – Mubasher: The National Bank of Egypt (NBE) and Qatar National Bank (QNB) have signed EGP 1.7 billion syndicated credit facility agreement with Redcon Construction Company, according to a statement. The loan will be used to finance the …
Banking and Finance
Total assets recorded $2.19 trillion in H1-19
26 August 2019 03:38 PM GCC banks’ assets hit $2.2trn in H1
By: Bedour Al Raee Mubasher: Assets of banks operating in the GCC increased by 9.13% year-on-year during the first half of 2019. Total assets recorded $2.19 trillion in H1-19, compared to $2.01 trillion in H1-18, according to Mubasher statistics. …
Macroeconomics
Emirati banks led the region in terms of profits
20 August 2019 09:29 PM GCC banks post $18.5bn profits in H1-19
By: Bedour Al Raee  Riyadh – Mubasher: A number of 61 banks in the GCC reported an 8.5% year-on-year profit hike during the first six months of 2019, recording $18.54 billion. Emirates NBD topped profitable banks in the GCC in H1-19, registering …
Banking and Finance
Risks facing the stock include geopolitical factors
2 May 2019 05:38 PM QNBFC research recommends buying of GBK’s stock
Mubasher: The research unit of the Qatar National Bank (QNB) on Thursday recommended the building of positions in Gulf Bank of Kuwait’s (GBK) stock, setting the target price at 345 fils per share. Since 17 December 2018, the stock grew 15%, which …
Trading Activities
The Qatari lender’s profits rose 5% year-on-year to QAR 13.8 billion during the full-year 2018
9 April 2019 02:22 PM QNB’s profit grows 4% in Q1-19
Mubasher: Qatar National Bank (QNB) on Tuesday reported a 3.8% year-on-year increase in net profit for the first quarter of 2019. Net profits of the largest bank in the Middle East and Africa amounted to QAR 3.56 billion ($986.46 million) in the …
Banking and Finance
The bonds will mature in five years
22 March 2019 00:38 AM QNB’s dollar bond issue oversubscribed by 3x
Mubasher: Qatar National Bank (QNB) on Thursday announced the issuance of $1 billion bonds under the bank’s medium-term note programme. The dollar-dominated bonds will mature in five years, with a 3.5% yield, the Qatar News Agency (QNA) reported. …
Bonds
The mandated banks include ANZ, Barclays Bank, Credit Agricole, Deutsche Bank, ING, QNB Capital, and Standard Chartered
21 March 2019 11:33 AM QNB hires 7 banks for dollar bond issue
Mubasher: Qatar National Bank (QNB) on Thursday announced the appointment of seven banks as joint lead managers for its dollar-denominated bond issue as part of its medium-term note programme. The mandated banks include ANZ, Barclays Bank, Credit …
Bonds
The facility was oversubscribed 1.75 times
6 March 2019 04:21 PM QNB closes EUR 2bn syndicated loan
Mubasher: Qatar National Bank (QNB) on Wednesday announced closing EUR 2 billion ($2.26 billion) three-year senior unsecured term loan facility. The facility was oversubscribed 1.75 times after the Qatari lender received commitments of nearly EUR …
Banking and Finance
QNB Financial Services on Tuesday cut its estimate for Industries Qatar’s revenue to QAR 16.3 billion in 2019.
6 March 2019 00:37 PM QNB cuts Industries Qatar’s PT to QAR 119/shr
Mubasher: Qatar National Bank (QNB) Financial Services reduced the price target (PT) for Industries Qatar by 5.6% to QAR 119 per share, from QAR 126 and maintained "Market Perform" recommendation, with a more conservative approach, according to a …
Stock Evaluations
QNB's EGM approved splitting the share’s nominal value to be QAR 1 instead of QAR 10.
11 February 2019 00:40 PM QNB’s shareholders nod to 60% cash dividends for 2018
Mubasher: Qatar National Bank (QNB) on Monday said that its shareholders had approved the board’s recommendation to distribute 60% of the share’s nominal value, or QAR 6 per share, as a cash dividend for 2018 during an ordinary general meeting …
Cash Dividends
QNB forecast QEWS’ revenues to fall by 13% to QAR 617.1 million for the fourth quarter of 2018
4 February 2019 04:54 PM QNB maintains QEWS PT at QAR 209/shr
Mubasher: Qatar National Bank (QNB) Financial Services maintained the price target (PT) for Qatar Electricity and Water Company (QEWS) at QAR 209 per share and kept its recommendation at “accumulate”. The brokerage arm of the largest bank in the …
Stock Evaluations
The court obliged the implicated litigant Hamad Al Naama to pay QAR 9.34 million
4 February 2019 03:59 PM Court rejects Dlala Brokerage’s lawsuit against QNB
Mubasher: Qatar’s court of first instance rejected a case filed by Dlala Brokerage Company, 99.9%-owned by Dlala Brokerage and Investment Holding, against Qatar National Bank (QNB). The court obliged the implicated litigant Hamad Al Naama to pay …
Law
Capital Intelligence affirmed its rating for Qatar National Bank’s financial strength rating at 'AA-'.
31 January 2019 01:49 PM Capital Intelligence affirms QNB rating, raises outlook
Mubasher: Capital Intelligence (CI) affirmed its rating for Qatar National Bank’s (QNB) financial strength rating (FSR) at 'AA-'. The Long- and short-term foreign currency ratings (FCRs) were also affirmed at 'AA-' and 'A1+', respectively, at the …
Ratings
QNB maintained its price target for Gulf Warehousing Company at QAR 51 per share
30 January 2019 05:27 PM QNB keeps Gulf Warehousing’s PT at QAR 51/shr
Mubasher: Qatar National Bank (QNB) Financial Services maintained the price target (PT) for Gulf Warehousing Company (GWC) at QAR 51 per share and lowered its recommendation from “outperform” to “accumulate”. The Qatar-listed firm reported a …
Stock Evaluations
23 January 2019 03:51 PM 6 Qatari banks among world’s top 500 valuable brands
Six Qatari banks have been ranked among the top 500 valuable lenders in terms of market capitalisation.
Global Reports
Six Qatari banks have been ranked among the top 500 valuable lenders in terms of market capitalisation, according to the Banker’s Brand Finance Global 500 2019 report.
23 January 2019 03:21 PM 6 Qatari banks among world’s top 500 valuable brands
By: Eman Ghali  Mubasher: Six Qatari banks have been ranked among the top 500 valuable lenders in terms of market capitalisation, according to the Banker’s Brand Finance Global 500 2019 report. Qatar National Bank (QNB) retained its 61st ranking …
Banking and Finance
The new PT is 14.4% lower than the current market price
15 November 2018 05:40 PM QNB keeps Commercial Bank of Qatar's PT at QAR 35/shr
Mubasher: Qatar National Bank (QNB) on Thursday announced maintaining the price target (PT) for the Commercial Bank of Qatar (CBQ) at QAR 35 per share. The new PT is 14.4% lower than the share's current market price, as CBQ’s stock ended Thursday …
Banking and Finance
Industries Qatar has a robust liquidity that supports the increase in dividends to QAR 12.1bn
12 November 2018 01:43 PM Industries Qatar to distribute QAR 7/shr dividends for 2018 – QNB
Mubasher: Qatar National Bank (QNB) Financial Services expected Industries Qatar to distribute a cash dividend of QAR 7 per share for the full-year 2018, according to a statement on Monday. The Qatari producer of petrochemicals, metals, and …
Cash Dividends
Al Khalifa replaces Ali Al Kuwari
11 November 2018 04:33 PM QNB names Abdulla Mubarak as acting CEO
Mubasher: Qatar National Bank (QNB) on Sunday announced that it has appointed Abdulla Mubarak Al Khalifa as acting interim CEO of the largest bank in the Middle East and Africa. Al Khalifa replaces Ali Al Kuwari, who was named as the trade and …
Banking and Finance
Lenders’ profits amounted to QAR 6.14 billion ($1.70 billion) in Q3-18
31 October 2018 00:37 PM QSE banking sector’s profit rises 9% in Q3 – Survey
By: Eman Ghaly Mubasher: Profits of the banks listed on the Qatar Stock Exchange (QSE) increased 9% year-on-year during the third quarter of 2018, according to Mubasher’s statistics. Lenders’ profits amounted to QAR 6.14 billion ($1.70 billion) in …
Banking and Finance
The three banks are QNB, QIIB and Ahli Bank.
29 October 2018 04:42 PM Three lenders to finance Qamco’s IPO
Mubasher: Three Qatari banks announced plans to finance the subscribers to the initial public offering (IPO) of Qatar Aluminium Manufacturing Company (Qamco).  The three banks are Qatar National Bank (QNB), Qatar International Islamic Bank (QIIB) …
Initial Public Offerings
QNB’s stock rose 1.22% at QAR 181.99
17 October 2018 01:22 PM QNB’s stock acquires 22% of QSE liquidity
By: Eman Ghaly Mubasher: Qatar National Bank’s (QNB) stock price reached the highest level during Wednesday’s trading session, leading the Qatar Stock Exchange (QSE) in terms of liquidity. By 12:55 pm Qatar time, QNB’s stock rose 1.22% to QAR …
Trading Activities
The new PT is lower than the current market price amounted to QAR 132
11 October 2018 10:20 AM QNB raises Industries Qatar PT to QAR 126/shr
Mubasher: Qatar National Bank (QNB) Financial Services raised Industries Qatar’s price target (PT) to QAR 126 per share instead of QAR 109. The new PT is lower than the current market price, which is amounted to QAR 132, by 4.5%, the brokerage arm …
Ratings