Qatar Daily News

Qatar National Bank has denied signing a deal to finance the development of Iran’s Esfandiar oilfield, Reuters has reported. Iran said on Saturday QNB would invest 400 million euros ($581.4m) to finance the development of the field, Oil Ministry website SHANA reported, quoting a senior official. ‘The bank is not aware of such a development, nor it is considering such an investment,’ the bank said in a statement.

According to Qatar daily The Peninsula the starting price for the IPO is QR10 per share with an additional AED25 levied as service charges.

The move will see the telecommunications company sell off 40 percent of its authorised share capital, with a total of 338.16 million ordinary shares on offer.

Subscribers can collect application forms and prospectus from 12 banks in the country – with the Qatar National Bank (QNB) and HSBC acting as joint lead managers, financial advisors as well as acting as the lead receiving banks.

Only Qatari residents, and 100 percent Qatari-owned companies are eligible to subscribe to the primary offer.
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Qatar National Bank has opened the QNB Card Centre at its C-Ring Road branch to provide services to its credit card and debit card customers, as well as to merchant partners.

The card centre will provide centralised card services on behalf of both Qatar National Bank (QNB) and QNB Al Islami. It handles all queries related to card billing, payments and requests for emergency and replacement cards as well as related functions such as the issue and distribution of PIN numbers to new and existing credit and debit card holders.

The bank has said that the customer service officers in the card centre will provide information on the various card services and promotional offers by the bank and also help customers enroll for various e-banking services which are offered under the EAZYLife brand.
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