QNB Group, a Qatari bank, receives approval for a QAR2.9bn share repurchase program.
QNB Group, a leading Qatari bank, has gained approval from the Qatar Central Bank and Qatar Financial Markets Authority for a share repurchase program valued at QAR2.9 billion, funded by existing cash resources. The buyback will use an Open-Market Repurchase mechanism and is set to begin after the release of interim financial statements for the nine months ending September 30, 2024. QNB anticipates no significant impact on its capital ratios.
September 29, 2024
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