ArabianBusiness.com - Middle East Business News
Sunday, 08 November 2009 11:32 UAE time

YOUR DIRECTORY /

| Share |

Qatar National Bank launches IPO

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Wednesday, 01 July 2009
BANK EQUITY: The IPO will open to subscribers from July 12 with the subscription ending August 10. (Getty Images)

Qatar National Bank – Syria (QNB-Syria) on Tuesday announced the launch of 34 percent of its total equity in an Initial Public Offering (IPO).

The IPO will open to subscribers from July 12 with the subscription ending August 10.

QNB, Qatar’s largest bank in terms of assets, received approval last year to establish QNB-Syria as a private stock company.

Story continues below
advertisement

QNB-Syria is expected to start operations in the fourth quarter of this year, offering a range of products including retail and wealth management. The bank will be headquartered in Damascus.

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

SHARE PRICE CHECK

more » MIDDLE EAST MARKETS DATA

QNBK.QE

Last Price:

157.00

+1.20+0.77%

8 Nov 2009 07:14 GMT
(Market Open)

RELATED LINKS

  1. Qatar National Bank - Qatar»

 EMAIL ALERTS

  1. Qatar National Bank - Qatar

  2. Banking & Finance


CURRENCY CONVERTOR

Tell us your story

READER COMMENTS

  1. The tipping scandal 14
    08 Nov ' 09 at 11:12
    What a shame!!I always tip the people in the gas stations and in the restaurant thinking they will benefit from that!!It's so sad!   More  »
  2. Abu Dhabi to ban all plastic bags in shops by mid-2010 07
    08 Nov ' 09 at 10:31
    I cant believe Chris was the first person to point out that paper bags also have an environmental cost in the form of chopped trees...   More  »
  3. UAE to be among top tourist hubs in 5 years - survey 06
    08 Nov ' 09 at 09:05
    It just boils down to one thing- There are countries who try to market their toursim potential. And there are countires who do not...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM