Arab Finance:He succeeded Qatar National Bank (QNBE)For the third year in a row, it acquired the capital increase operations of 5 companies out of 8 companies during the year 2024, with a total increase of 2.176 billion pounds.
This increase is for a group of companies listed on the Egyptian Stock Exchange, which are: –
– Cairo Oils and Soaps (COSG) An increase of 78 million pounds.
– a company Sinai Cement (SCEM)An increase of 1.682 billion pounds.
– a company Memphis Pharmaceutical and Chemical Industries (MPCI)An increase of 171 million pounds.
– a company International Investment and Development – (ICID)An increase of 46 million pounds.
– a company Nile Pharmaceuticals and Chemical Industries – Nile (NIPH)An increase of 198 million pounds.
The results of its business during the period from 01/01/2024 to 06/30/2024 showed achieving a net profit. assembly It amounted to 13,741,633,744 pounds, compared to the bank achieving a net profit of 8,665,241,094 pounds during the period from 01/01/2023 to 06/30/2023.
In the same context, the bank achieved a net profit independent For the period from 01/01/2024 to 06/30/2024, it was estimated at approximately 13,303,566,794 pounds, compared to a net profit of 8,211,897,388 pounds, during the comparative period of the previous fiscal year.
It is worth noting that the net profits or losses for the year are calculated according to the share of owners of the parent company.
The bank was established in 1978. QNB Group provides a full range of investment banking services through its subsidiary QNB Capital to companies, government agencies and institutions in Qatar and abroad. QNB Capital includes a specialized team with extensive experience that is considered among the best in the region in corporate banking operations and advisory services, including mergers and acquisitions advisory, stock and bond markets, and project financing consulting. The group also provides financial brokerage services through QNB Financial Services (QNB FS), which is a subsidiary and the first independent, licensed financial brokerage company launched by a bank in the State of Qatar. QNB Financial Services offers a trading platform in multiple markets and various currencies.
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