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QNB takes over Tunisian Qatari Bank
- Qatar: Thursday, January 24 - 2013 at 16:01
While most Arab capital markets remained closed Thursday to mark the Prophet Mohammed's (pbuh) birthday, Doha kept on trading with the QE 20 Index closing 0.43% higher at 8,689.76 points. Qatar National Bank (QNB) as the most liquid share advanced 1.40% to reach QR136. Earlier in the day, QNB said it acquired an additional 49.96% stake in the share capital of the Tunisian Qatari Bank, thus raising its total shareholding to 99.96% effective the moment the group receives the required approvals from the regulatory authorities in the Republic of Tunisia and the State of Qatar.
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Gérard Al-Fil, Financial JournalistThursday, January 24 - 2013 at 16:01 UAE local time (GMT+4)
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