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Qatar National Bank in $80m loan deal with Qatar Fuel Additives Company Ltd

The QE 20 Index fell 0.12% to 8,197.09 points. Shares of Qatar's largest lender Qatar National Bank or QNB slipped 0.10% to QR132.90. Earlier in the day, Qatar Fuel Additives Company Limited said recently concluded the signing of a $80 million loan deal with Qatar National Bank (QNB). QAFAC will partner with QNB on their latest initiative of setting up a new Carbon Dioxide (CO2) Recovery Plant which, when completed, will be the largest of its type in the region. QAFAC signed a Corporate Loan Agreement with QNB for $80m to fund the establishment of the CO2 Recovery Plant, situated within the Mesaieed Industrial City premise.