Doha - Qatar National Bank (QNB) and Qatar University announced that they will continue cooperation in various educational and training sectors, which are of interest for both national institutions to serve the Qatari society.
The announcement came during the visit paid by Mr. Ali Shareef Al Emadi, QNB's Group Chief Executive Officer to Qatar University, accompanied by officials from the bank where he met with H.E. Dr. Sheikha Al-Misnad, President of Qatar University, and Dr. Homaid A. Al Madfa, Vice President for Administration Affairs at the University.
Mr. Al Emadi announced during his visit that QNB will contribute QR1.8 million to Qatar University that will help the development of educational curriculum and support the renovation of Ibn Khaldoun Hall, the main hall for lectures at Qatar University. QNB contributed to the construction of this Hall and the QNB branch next to the hall in the year 1996.
The meeting was also an opportunity for both parties to discuss future cooperation between QNB and Qatar University. This include establishing mutual cooperation programs aimed at motivating Qatari youth to complete their university education and seek job opportunities with QNB in accordance with the bank's strategy to attract Qataris to join its work force.
The meeting's agenda also included the possibility of granting scholarships to students with distinguished performance, particularly in the areas of interest to the bank. Students receiving financial assistance from the bank will be offered jobs immediately after their graduation.
Dr. Sheikha Al-Misnad thanked Mr. Al Emadi for QNB's support, reiterating the University's main objective to further improve the level of its educational curriculum and its constant endeavors to obtain academic certification for such curriculum, in addition to offering new academic programs that satisfy the needs of the community. The University thrives as well to equip graduates and prepare them for starting their career path, through coordinating with all necessary sectors and institutions in the country.
Dr. Al Misnad also commended QNB's constructive role and efforts in the growth of the Qatari economy and for being one of the main institutions that provide job opportunities for graduates from Qatar University. She reiterated her willingness to strengthen the ties that bound QNB and Qatar University, stating that the University will consistently support QNB's Qatarization strategy.
Mr. Al Emadi confirmed the bank's determination to preserve the special relation with Qatar University, mentioning that a large number of QNB's Qatari employees are graduates of Qatar University. He reiterated the bank's readiness to recruit Qatar University graduates, especially students with distinguished performance and give them an opportunity to take part in the growth and development process in the country.
Mr. Al Emadi added that QNB's donation to the university falls in line with the bank's strategy to support the community, an initiative that constitutes one of the bank's four cornerstone and a complementary step to the bank's contribution in the health, cultural, environmental and heritage sectors.
It is worth mentioning that the cooperation between QNB and Qatar University extends for a long time, as QNB has two branches at the University at both the male and female campuses. The two branches offer a comprehensive range of banking services to students and to the University faculty and staff.
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About Qatar National Bank (QNB)
Qatar National Bank (QNB) was established in 1964 as the country's first Qatari-owned commercial bank, with an ownership structure split between Qatar Investment Authority (50%) and the private sector (50%).
QNB has steadily grown to be among the largest banks in the region and is by far the leading financial institution in the country with a market share approaching 45% of banking sector assets. QNB has the largest distribution network of 42 branches and offices (including 3 mobile branches), in addition to 10 Islamic branches and offices, and 125 Automated Teller Machines (ATMs).
QNB international presence is rapidly expanding to include new locations in Oman, Kuwait and Mauritania supplementing existing branches in London and Paris and Yemen and Representative Offices in Libya, Singapore and Iran.
As part of the same expansion plan, QNB has acquired 30% of the shares of the Jordan based, The Housing Bank for Trade and Finance (HBTF) which operates in Palestine, Bahrain, Algeria, Syria, UAE, Libya and Iraq, in addition to Jordan. QNB also signed an agreement to establish the Qatar National Bank-Syria jointly with other Syrian private and public sectors institutions with 49% share.
The London-based Ansbacher, QNB's Wealth Management and Private Banking subsidiary, operates in Switzerland, Channel Islands, the Bahamas, Dubai International Financial Center and Qatar Financial Center. Ansbacher was the first financial institution to be granted a license to operate at Qatar Financial Centre providing a wide range of wealth management services in Qatar and the region.
QNB offers a full range of retail, corporate, investment, treasury, wealth management, and Islamic banking products and services for individuals, corporate institutions and government entities. QNB is constantly striving to provide intelligent banking solutions and its range of products and services, and delivery channels across all disciplines continues to be unrivalled.
Through its affiliate, QNB Al Islami, QNB was the first commercial bank in Qatar to offer Islamic Banking products and services, and the first Qatari bank to launch equity funds (Al Watani Funds) for companies listed in the Doha Securities Market.
QNB has the highest credit rating among regional banks from leading rating agencies including Standard & Poor's, Moody's, Fitch, and Capital Intelligence. The Bank has also been the recipient of the "Best Bank in Qatar" Award from leading international specialized financial publications.
QNB has an active community support program and sponsors various social, educational, and sports events.
For further information, please contact:
QNB's Public Relations Department
Tel: (974) 4252591
Fax: (974) 4252589
Email: PR@qnb.com.qa
Website: www.qnb.com.qa
© Press Release 2007
