QNB Group Announces the Successful Refinancing of its Euro Senior Unsecured Syndicated Term Loan Facility
DOHA, QATAR – QNB Group, the leading financial institution in the Middle East and Africa, announced the successful refinancing of its Euro Senior Unsecured Syndicated Term Loan Facility. The facility, amounting to EUR 1.75 billion, matures in three years and was oversubscribed by a wide range of international banks.
This successful refinancing further underlines QNB Group’s strong credit profile, investor confidence, and its commitment to continuous optimization of its financing strategy. The Group benefited from strong demand from banks, allowing it to secure an attractive pricing and terms for the transaction. The transaction reflects QNB Group’s ongoing efforts to further diversify its funding sources, secure competitive pricing, and optimize its liquidity position. The proceeds of the financing will be used for general corporate purposes.
Commenting on this achievement, Mr. Yousef Alhorr, Group Chief Financial Officer at QNB Group, said: “This transaction represents another important milestone in the Group’s efforts to enhance its financial flexibility. The strong participation and confidence shown by international investors are testament to QNB Group’s strong credit profile, track record, and consistent financial performance.”
“We are pleased with the outcome of this refinancing, which has allowed us to further strengthen our financial position. We continue to pursue an ambitious growth strategy while maintaining our commitment to financial prudence and sustainability.”, Mr. Alhorr added.
QNB Group has a proven track record of financial excellence and has received several international awards in recent years. The Group’s continuous innovation and commitment to customer service have resulted in robust business growth. The successful refinancing further solidifies QNB Group’s leadership position in the banking sector and provides the Group with ample liquidity to capitalize on emerging opportunities. QNB Group’s consistent focus on sustainable development and positive social impact aligns perfectly with the increasing importance of Environmental, Social, and Governance (ESG) factors.
About QNB Group
QNB Group is the leading financial institution in the Middle East and Africa (MEA). The Group operates in over 30 countries across the globe and has a workforce of over 30,000 people. QNB Group is committed to its vision of being the leading financial institution in the MEA, contributing to the development of the economies it operates in and improving the lives of its customers. Through its strategy of “Sustainable Growth”, QNB Group focuses on creating value for its shareholders, employees, and communities. The Group’s sustainability agenda is grounded in the principle of “Shared Value” and it strives to deliver positive social and environmental outcomes alongside business results.
