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Wednesday, November 11 - 2009

QNB Al Islami special sponsor of Sudan Real Estate and Agriculture Investment Horizons Exhibition

QNB Al Islami, the Islamic branch of Qatar National Bank (QNB), announced its sponsorship of the upcoming Sudan Real Estate and Agriculture Investment Horizons Exhibition which will be inaugurated by the Vice President of Sudan, Dr. Mustafa Othman Ismail, from 11 to 13 January 2009 at the Sheraton Doha Hotel.

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  • Qatar National Bank (QNB).
    Qatar National Bank (QNB).
A number of seminars will be held in parallel with the exhibition, during which experts from various industries will address topics and trends of increasing significance to real estate and agriculture investment in Sudan.

Ms. Elarya Gualtery, Projects Manager at Qatar Institute of Directors (QID), the organizers of the event, said:
"Through its sponsorship, QNB Al Islami has conveyed its interest in pursuing an active role in the key Sudanese industries of real estate and agriculture, which have been growing significantly in the last few years."


QNB Al Islami opened its full fledged Islamic branch in Sudan's capital Khartoum in November 2008. The Branch provides a full range of banking services and products including investment and finance products tailored to meet local demand for finance in real estate development and agricultural activities.

QNB Al Islami, launched in 2005 as the first Islamic banking established by a conventional bank in Qatar, provides a broad range of Shari'a-compliant individual and corporate services in addition to various Shari'a approved financing solutions.
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About 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 40% of banking sector assets. QNB has the largest distribution network of 42 branches and offices (including 3 mobile branches), in addition to 11 Islamic branches and offices, and more than 149 Automated Teller Machines (ATMs).

QNB's international presence is rapidly expanding to include new locations around the world to supplement existing branches in London and Paris and the Representative Office in Iran. In 2007, QNB opened new branches in Yemen, Oman & Kuwait and a Representative Office in Libya. The Bank's Representative Office in Singapore received a new wholesale banking license making it a full fledged Branch of QNB. QNB recently inaugurated its Islamic branch in Sudan, offering a full range of Islamic banking services and products.

As part of the same expansion plan, QNB has acquired 33.2% of the shares of the Jordan based, The Housing Bank for Trade and Finance (HBTF) which also operates in Palestine, Bahrain, Algeria, Syria, UAE, Libya and Iraq. QNB also signed an agreement to establish the Qatar National Bank-Syria jointly with other Syrian private and public sectors institutions with a 49% stake for QNB. The Bank also acquired 23.8% of the shares of Commercial Bank International (CBI) based in the United Arab Emirates (UAE), thus making its first entry into the UAE financial market.

In 2008, QNB entered the Tunisian market through acquiring 50% of the Tunisian-Qatari bank. QNB has also taken a 30% stake in The Kuwaiti-Qatari Company for Ijara and Investment, which will offer Islamic financing services within the Gulf Cooperation Council countries and has acquired a 20% stake in the Doha-based Al Jazeera Islamic Company. The bank recently received approval from Qatar Financial Center to establish a new investment company; QNB Capital, which be providing investment banking services.

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.

QNB was the first conventional bank in Qatar to offer Islamic Banking products and services through QNB Al Islami and the first Qatari bank to launch equity funds for companies listed in the Doha Securities Market.

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 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 many awards for its innovative products, services and remarkable performance 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

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