Industry: Banking & Finance
Company: Qatar National Bank
Designation: Group CEO
Qatar National Bank, which is currently on an expansion spree with a number of high-profile acquisitions, is set to become the first Arab lender with assets exceeding $100bn, according to new data.
Led by Ali Shareef Al Emadi, QNB said last year that it will pay $1.97bn for 77 percent of National Societe Generale Bank, its latest deal in overseas markets. The deal will boost the bank’s assets by 11 percent to about $107bn, more than double their value at the end of 2009.