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The Bank has the right to re-purchase the entire portfolio, or any part of it, after a twelve month period from the date of sale and within a maximum period of five years at the original sale price.
Andrew Stevens, Group Chief Executive Officer commented:
"The sale of the listed Qatar equity portfolio to the Government offers additional certainty and security in these challenging financial markets. We thank the Government of Qatar for their decisive action in supporting the Qatar banking sector."
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Posted by Rima Ali Al Mashni
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