QNB has successfully raised QR10bn in Additional Tier 1 Perpetual Capital Notes by way of private placement, to strengthen the group’s capital adequacy ratios and support future growth across the QNB Group in accordance with its strategy. The perpetual notes were the inaugural issuance by QNB Group and the single largest issuance in the Middle East and Africa region, the bank said yesterday. “These notes were fully subscribed and reflect strong investor confidence in QNB’s successful execution of its strategic growth objectives,” it said. QNB Group has presence through its subsidiaries and associate companies in many countries across three continents and provides a comprehensive range of advanced products and services.
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