Qatar National Bank

Stock performance

History

Qatar National Bank was founded as Qatar's first locally owned bank, with the Qatari government as a founding shareholder, and grew into the dominant financial institution in Qatar before expanding aggressively across the Middle East, Africa, and beyond through acquisitions, becoming the largest bank in the Middle East and Africa region by assets.

Business model

QNB provides retail, corporate, and investment banking services across Qatar and an extensive international network spanning more than thirty countries across the Middle East, Africa, Asia, and Europe, built through a deliberate strategy of international acquisition and expansion funded by Qatar's substantial gas wealth.

Market position

Qatar National Bank is the largest bank in the Middle East and Africa by total assets, a scale achieved through aggressive international expansion well beyond what Qatar's small domestic population alone would support, funded substantially by the country's gas-export wealth.

Country impact

QNB is one of the largest and most internationally significant companies in Qatar, and its scale reflects how the country has used gas-export wealth to build financial institutions with regional and international reach far exceeding what its small population would otherwise generate.