QNB Group mandates CI Capital to sell approximately 2.1 % of the Group’s Stake in QNB ALAHLI Egypt

Posted on : Sun, 18 Feb 2018

Doha, 18 February 2018- QNB Group has mandated CI Capital in Egypt to advise on the necessary action to sell approximately 2.1% of QNB Group's stake in QNB ALAHLI, Egypt, to reach approximately 95% after the sale, in order to comply with the free float requirements of the Egyptian Stock Exchange (EGX) and the requirements of other concerned local regulators. QNB Group’s current shareholding in QNB ALAHLI amounts to 97.12%.