QNB GROUP ANNOUNCES THE COMPLETION OF LEGAL FORMALITIES WITH RESPECT TO INCREASE IN FOREIGN OWNERSHIP LIMIT TO 100%

Following shareholder approval of amendments to QNB’s Articles of Association at the Extraordinary General Assembly meeting held on 13 February 2022, QNB announces that it has procured all the required regulatory approvals from respective regulators to amend Article 10 of QNB’s Articles of Association, to allow foreign ownership limit of up to 100%.

The Bank will process the application to increase the limit with the competent authorities with immediate effect.