QNB aims to recruit 150 graduates at Qatar Career Fair 2010
- Qatar: Monday, March 15 - 2010 at 10:01
- PRESS RELEASE
As part of its plan to meet its growing Human Capital needs, QNB Group Chief Executive, Mr. Ali Shareef Al-Emadi said that the Bank aims to recruit 150 top Qatari graduates during Qatar Career Fair 2010 (QCF). QNB is a Gold Exhibitor at QCF 2010 which is being held under the patronage of His Highness Sheikh Tamim bin Hamad Al Thani, Heir Apparent of the State of Qatar. The Fair is being held from 14-18 March 2010, at the Qatar International Exhibition Center.
Mr. Al-Emadi says in a statement after the opening ceremony: "Qatar Career Fair is an important platform for the development of human potential for the overall development of the State of Qatar. To help sustain QNB's growing Human Capital requirements, at QCF 2010 the Bank aims to recruit 150 top graduates aiming to enhance the current Qatarization ratio of 53%. Noting that, the ratio of Qatari branch managers at the Bank is now 83%, with QNB Al Islami having an overall ratio of 78% national employees.
"In addition to drawing talented youth graduating from various world-class educational institutions in Qatar, QNB will provide these recruits with world-class career opportunities," said Mr. Al-Emadi.
QNB's Qatarization policy has been extremely successful, with the Bank currently boasting the highest rate in the financial services sector. More importantly, the bank's ability to engender staff loyalty and satisfaction in addition to its comprehensive remuneration program makes QNB one of the premier employers in the country.
This is demonstrated by high employee retention across QNB Group activities, inclusive of many senior staff members who have grown with QNB and have spent a large portion of their careers with the Bank. It is also testament to QNB's Human Capital department which identifies skills and core competencies in each individual to help develop specialized training and career succession plans.
QNB, the country's largest integrated financial institution and one of the fastest growing banks in the region, recently attained a nationalization rate of 53%, which exceeds the bank's ambitious goal for its five-year Qatarization plan which aimed to raise the ratio from 37% in 2005 to 50% at the end of the term in 2010.
QNB has in recent years launched many initiatives to help bolster the quality of both the talent available, as well as contribute to the growth of the nation. The Bank in partnership with the Ministry of Labor, helped train 75 high school students in June 2009.
Events such as QCF help support the Bank's growth objectives, whilst serving students and graduates by providing them with opportunities for employment and development. Participating in such events is also a significant aspect of QNB's involvement in the community, especially considering its commitment as a leading corporate citizen to support and enable the community to move together forward.
QNB also participates in the career fairs of various universities in Qatar, as well as in international career fairs organized by Qatari embassies internationally.
Each year, QNB also hosts its own open career day for students and graduates interested in banking sector jobs. These events are designed to help participants understand QNB and its diverse activities, giving potential candidates a clear idea of the kinds of careers they can expect to pursue at the Bank.
The Qatar Career Fair is organized each year by Qatar Foundation for Education, Science and Community Development, Qatar Petroleum, Qatar University, and the Ministry of Labor. This year, in recognition of its success in previous years, the Amiri Diwan has also committed to being an organizer of the event.
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Qatar 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 started operations mid November 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
Tel: (974) 4252477,
Fax: (974) 4252589
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Posted by Husam Odiabat



