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QNB is the exclusive partner of Qatar Stars Cup
- Qatar: Wednesday, October 14 - 2009 at 10:16
- PRESS RELEASE
QSLM headquarters, QOC building, Doha, 13th October, 2009- Qatar National Bank (QNB) and Qatar Stars League Management (QSLM) officially endorsed a brand new title partnership at a signing ceremony held to mark the occasion.
Mr. Mohamad Al Khulaifi, Executive General Manager and Chief Operating Officer of QNB along with Mr Ahmed Albuainain VCEO of QSLM signed the agreements on behalf of their respective establishments.
QNB's backing of "Qatar Stars Cup QNB" is part of the Bank's Corporate Social Responsibility mandate which supports local and international Qatari Sporting Events, ranging from traditional camel racing and equestrian challenges, to popular modern sport such as football, volleyball, handball and basketball.
In time, Qatar Stars Cup QNB will transform into one of the most prestigious football events in Qatar and will benefit from the active support of Qatar's largest financial institution.
The tournament currently features the same 12 Clubs of Qatar Stars League. The participating teams are divided into two groups (A & B), with the matches drawn using a round-robin league and knock-out progression system up to the semi-finals, which will then be fiercely battled out by the two top sides from each group. In total, the tournament will feature 33 matches over approximately three months, with the final being held on 3rd January 2010.
Group A comprises Al Sadd, Qatar Sports Club, Al Arabi, Umm Salal, Sailiya and Shamal, whilst Group B has Gharaffa, Rayyan, Wakrah, Khor, Ahli and Kharaitiyat.
The brand-new Qatar Stars Cup QNB tournament slots into an already tight local football calendar that is aided by the new two-leg Qatar Stars League (QSL) as opposed to three-legs, meaning every team faces a single opponent just twice, rather than thrice as in recent years. Part of this change is also due to the addition of two new teams to the country's top league, which was previously limited to 10. This season the number of teams climbs to 12.
With fewer league matches this season, the Qatar Stars Cup QNB becomes a very important tournament for QSL clubs who will all be fighting to push player fitness and competiveness to the next level in order to meet the demands of a packed three months of football.
The tournament was launched on Thursday October 8th 2009 whilst the ongoing QSL is currently on a scheduled mid-season break.
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Notes and media contacts
About QNBQatar National Bank (QNB), established in 1964 as the country's first Qatari-owned commercial bank, has an ownership structure split between the 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 offers a full range of Retail, Corporate, Investment, Treasury, Wealth Management, and Islamic Banking products and services for individuals, corporate institutions and government entities in Qatar as well as internationally.
QNB has the largest distribution network in Qatar, comprising 44 branches and offices (including 3 mobile branches), in addition to 11 Islamic branches and offices operated by QNB Al Islami, and more than 160 ATMs.
QNB was the first conventional bank in Qatar to offer Shari'a-compliant banking products and services through QNB Al Islami, established in 2005.
QNB's international presence is rapidly expanding to include new locations around the world to supplement the long established branches in London and Paris.
Currently QNB has presence in 22 countries including branches in Yemen, Oman Kuwait & Singapore as well as Representative Offices in Iran & Libya. An Islamic branch was recently inaugurated in Sudan, offering a full range of Islamic banking services and products.
QNB has also extended its regional reach by acquiring shares in various financial institutions including 33.5% stake in the Jordan based, The Housing Bank for Trade and Finance (HBTF), 23.8% of the shares of Commercial Bank International (CBI) based in the United Arab Emirates (UAE), 50% of the Tunisian-Qatari bank and 20% stake in the Doha-based Al Jazeera Islamic Company.
QNB also retains 49% stake in QNB-Syria, a private stock company established jointly with other Syrian private and public sector institutions which will start its operations at the end of this year.
The Bank recently established a new investment company "QNB Capital" providing an array of investment banking services to corporate, government and institutional clients within Qatar and globally. These include one of the best corporate finance teams in the GCC region offering extensive transaction experience, in depth advisory services - including mergers and acquisitions, equity, debt and project advisory - as well as first-class research capabilities.
QNB is among the highest rated regional banks from leading credit rating agencies including Standard & Poor's, Moody's, Fitch, and Capital Intelligence.
The Bank has also been the recipient of many awards from leading international specialized financial publications for its innovative products, services and remarkable performance.
QNB has an active community support program and sponsors various social, educational, and sporting events
For further information, please contact QNB's Public Relations Department at
(974) 4252477
Fax (974) 4252589
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