1. QE Intra-Day Movement
Market Indicators
10,410
10,400
10,390
10,380
10,370
01 Dec 13
%Chg.
268.2
554,177.1
9.2
4,133
40
15:19
288.5
556,004.9
9.6
4,540
40
18:16
(7.0)
(0.3)
(3.8)
(9.0)
0.0
–
Market Indices
10,360
10,350
9:30
02 Dec 13
Value Traded (QR mn)
Exch. Market Cap. (QR mn)
Volume (mn)
Number of Transactions
Companies Traded
Market Breadth
10:00
10:30
11:00
11:30
12:00
12:30
13:00
Qatar Commentary
The QE index declined 0.3% to close at 10,366.2. Losses were led by the
Transportation and Telecoms indices, declining 0.8% and 0.7% respectively.
Top losers were Mannai Corp. and Qatar & Oman Investment Co., falling 2.2%
and 1.9% respectively. Among the top gainers, Widam Food Co. rose 5.9%,
while Zad Holding Co. gained 1.8%.
Close
Total Return
All Share Index
Banks
Industrials
Transportation
Real Estate
Insurance
Telecoms
Consumer
Al Rayan Islamic Index
1D%
WTD%
YTD%
TTM P/E
14,810.93
2,581.79
2,451.26
3,397.38
1,935.95
1,978.64
2,395.16
1,444.45
5,988.20
3,041.46
(0.3)
(0.3)
(0.4)
(0.0)
(0.8)
(0.2)
(0.0)
(0.7)
0.2
0.1
(0.1)
(0.0)
0.2
(0.2)
(0.3)
(0.8)
1.3
(0.7)
0.1
0.3
30.9
28.2
25.8
29.3
44.4
22.8
22.0
35.6
28.2
22.2
N/A
13.1
13.1
12.3
13.1
13.6
9.8
19.6
22.7
15.8
GCC Commentary
GCC Top Gainers##
Exchange
Close#
1D%
Saudi Arabia: The TASI index rose 0.4% to close at 8,334.3. Gains were led
by the Hotel & Tourism and Media & Publishing indices, rising 1.3% and 1.0%
respectively. ANB Ins. rose 9.9%, while Tourism Enterprise was up 6.3%.
Nat. Bank of Fujairah
Abu Dhabi
4.28
14.7
1.0
(5.9)
Nat. Marine Dredging
Abu Dhabi
8.31
7.6
0.5
(16.9)
Dubai: The DFM index gained 1.4% to close at 2,987.2. The Real Estate &
Construction index rose 2.1%, while the Banking index was up 1.9%. Takaful
Emarat - Insurance gained 5.9%, while Ekttitab Holding Co. was up 4.5%.
Dubai Financial Market
Dubai
2.35
4.4
128,014.2
130.4
Saudi Print. & Pack.
Saudi Arabia
22.75
3.6
1,974.3
(38.5)
Abu Dhabi: The ADX benchmark index rose 1.2% to close at 3,896.2. The
Real Estate index gained 3.2%, while the Inv. & Fin. Ser. index was up 2.1%.
Nat. Bank of Fujairah surged 14.8%, while Al Buhaira Nat. Ins. gained 13.2%.
Dubai Islamic Bank
Dubai
3.4
14,388.0
128.9
GCC Top Losers
Exchange
1D% Vol. ‘000
YTD%
Kuwait: The KSE index fell 0.2% to close at 7,724.1. The Health Care index
declined 2.2%, while the Technology index was down 2.1%. Zima Holding Co.
fell 7.8%, while Gulf Franchising Holding Co. was down 6.1%.
United Arab Bank
Abu Dhabi
6.71
(9.9)
45.0
117.9
Gulf Cable & Electrical
Kuwait
0.83
(5.7)
140.5
(34.1)
Oman: The MSM index gained marginally to close at 6,758.4. Gains were led
by the Banking & Investment and Industrial indices, rising 0.3% each. National
Gas Co. gained 9.8%, while Areej Vegetable Oils & Derivatives was up 9.1%.
Salhia Real Estate Co.
Kuwait
Hail Cement
Saudi Arabia
Comm. Bank of Kuwait
Kuwait
Bahrain: The BHB index fell 0.4% to close at 1,201.9. The Commercial
Banking index declined 0.8%, while the Hotel & Tourism index was down
0.5%. Ahli United Bank fell 1.4%, while Gulf Hotel Group was down 0.8%.
##
4.60
#
Close
Vol. ‘000
YTD%
0.38
(5.0)
123.9
2.7
21.40
(3.4)
2,968.2
15.4
0.71
(2.7)
4.4
0.0
Source: Bloomberg (# in Local Currency) (## GCC Top gainers/losers derived from the Bloomberg GCC
200 Index comprising of the top 200 regional equities based on market capitalization and liquidity)
Widam Food Co.
Close*
1D%
Vol. ‘000
YTD%
Qatar Exchange Top Losers
Close*
1D%
Vol. ‘000
YTD%
51.90
Qatar Exchange Top Gainers
5.9
382.9
(11.7)
Mannai Corp.
86.00
(2.2)
0.1
6.2
12.70
(1.9)
7.0
2.5
Zad Holding Co.
68.00
1.8
0.3
15.6
Qatar & Oman Investment Co.
Qatar Islamic Insurance
59.00
1.0
131.6
(4.8)
Medicare Group
54.00
(1.6)
100.8
51.3
Salam International Investment Co.
12.36
1.0
570.3
(2.4)
Qatar Gas Transport Co.
20.97
(1.5)
2,001.0
37.4
Vodafone Qatar
11.20
0.9
2,723.1
34.1
Qatar General Ins. & Rein.
49.80
(1.2)
46.3
8.3
Close*
1D%
Vol. ‘000
YTD%
Close*
1D%
Val. ‘000
YTD%
Vodafone Qatar
11.20
0.9
2,723.1
34.1
Qatar Gas Transport Co.
20.97
(1.6)
42,274.3
37.4
Qatar Gas Transport Co.
20.97
(1.5)
2,001.0
37.4
Vodafone Qatar
11.20
0.9
30,460.9
34.1
Masraf Al Rayan
33.20
(0.2)
673.3
33.9
Masraf Al Rayan
33.20
(0.2)
22,285.1
33.9
Salam International Investment Co.
12.36
1.0
570.3
(2.4)
Widam Food Co.
51.90
5.9
19,406.5
(11.7)
Barwa Real Estate Co.
29.80
(0.7)
462.1
8.6
Commercial Bank of Qatar
69.30
0.6
15,004.0
(2.3)
Qatar Exchange Top Vol. Trades
Source: Bloomberg (* in QR)
Source: Bloomberg (* in QR)
Regional Indices
Qatar*
Dubai
Abu Dhabi
Saudi Arabia
Kuwait
Oman
Bahrain
Qatar Exchange Top Val. Trades
Close
1D%
WTD%
MTD%
YTD%
10,366.21
2,987.17
3,896.15
8,334.31
7,724.10
6,758.40
1,201.92
(0.3)
1.4
1.2
0.4
(0.2)
0.0
(0.4)
(0.1)
1.4
1.2
0.1
(0.8)
0.5
(0.5)
(0.1)
1.4
1.2
0.1
(0.8)
0.5
(0.5)
24.0
84.1
48.1
22.5
30.2
17.3
12.8
Exch. Val. Traded
($ mn)
73.66
247.23
106.90
1,124.80
79.92
28.99
1.54
Exchange Mkt.
Cap. ($ mn)
152,177.0
71,002.9
110,999.7
452,727.4
109,561.1
24,212.5
49,766.5
P/E**
P/B**
13.2
17.6
10.9
17.1
17.0
10.6
8.0
1.8
1.2
1.3
2.1
1.2
1.6
0.8
Dividend
Yield
4.4
3.0
4.6
3.5
3.6
3.8
4.0
Source: Bloomberg, Qatar Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
Page 1 of 5

2. Qatar Market Commentary
 The QE index declined 0.3% to close at 10,366.2. The
Transportation and Telecoms indices led the losses. The index
declined on the back of selling pressure from non-Qatari
shareholders despite buying support from Qatari shareholders.
Overall Activity
Sell %*
Net (QR)
Qatari
74.04%
69.14%
13,128,636.46
Non-Qatari
 Mannai Corp. and Qatar & Oman Investment Co. were the top
losers, falling 2.2% and 1.9% respectively. Among the top
gainers, Widam Food Co. rose 5.9%, while Zad Holding Co.
gained 1.8%.
Buy %*
25.96%
30.85%
(13,128,636.46)
Source: Qatar Exchange (* as a % of traded value)
 Volume of shares traded on Monday declined by 3.8% to 9.2mn
from 9.6mn on Sunday. Further, as compared to the 30-day
moving average of 11.2mn, volume for the day was 17.8% lower.
Vodafone Qatar and Qatar Gas Transport Co. were the most
active stocks, contributing 29.6% and 21.8% to the total volume
respectively.
Ratings and Global Economic Data
Ratings Updates
Company
Ooredoo Tamweel
Limited
Agency
Fitch
Market
Qatar
Type*
Old Rating
New Rating
Rating Change
Outlook
Outlook Change
–
A+
–
–
–
$1.25bn five year
3.039% trust certificate
program (Sukuk)
Source: News reports (*Rating assigned)
Global Economic Data
Date
Market
Source
Indicator
Period
Actual
Consensus
Previous
12/02
US
Bloomberg
Markit US PMI Final
12/02
US
ISM
ISM Manufacturing
November
54.7
54.3
54.3
November
57.3
55.1
12/02
US
ISM
56.4
ISM Prices Paid
November
52.5
55.0
12/02
US
55.5
US Census Bureau
Construction Spending MoM
September
-0.30%
0.50%
0.10%
12/02
12/02
US
US Census Bureau
Construction Spending MoM
October
0.80%
0.40%
-0.30%
EU
Markit
PMI Manufacturing
November
51.6
51.5
51.3
12/02
France
Markit
PMI Manufacturing
November
48.4
47.8
49.1
12/02
Germany
Markit
PMI Manufacturing
November
52.7
52.5
51.7
12/02
UK
Hometrack
Hometrack Housing Survey MoM
November
0.50%
–
0.50%
12/02
UK
Hometrack
Hometrack Housing Survey YoY
November
3.80%
–
3.10%
12/02
UK
Markit
PMI Manufacturing
November
58.4
56.1
56.5
12/02
Italy
Markit
PMI Manufacturing
November
51.4
50.8
50.7
12/02
China
HSBC Bank
HSBC/Markit Manufacturing PMI
November
50.8
50.5
50.9
12/02
China
National Bureau of Stat.
Leading Index
October
99.54
–
99.57
12/02
Japan
Ministry of Finance
Capital Spending YoY
3Q2013
1.50%
3.60%
0.00%
12/02
Japan
Ministry of Finance
Capital Spending Ex Software
3Q2013
2.30%
4.50%
1.40%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
 QNNS ends its 6-month buyback period – Milaha (QNNS)
announced the completion of its six-month buyback period on
November 30, 2013 as per the Qatar Financial Markets
Authority’s regulations. QNNS has bought back 908,725 shares
that accounted for 0.8% of its total outstanding shares. (QE)
 Fitch assigns A+ rating to Ooredoo Tamweel’s $1.25bn
sukuk – Fitch Ratings has assigned a final “A+” instrument
rating for Ooredoo Tamweel Limited's $1.25bn five-year 3.04%
trust certificate program (sukuk). The rating is in line with
Ooredoo's long-term issuer default rating (IDR) and senior
unsecured rating (A+/Stable). (Bloomberg)
 ORDS awards tower deployments contract to Digicel –
Ooredoo (ORDS) has awarded a contract to deploy telecoms
towers in its Myanmar subsidiary to a consortium lead by the
Digicel Group. The consortium which is made up of Digicel
Group, YSH Finance and First Myanmar Investment, will be
amongst the first telecoms tower companies to begin
construction in Myanmar and will accept multi-tenancy
agreements. Earlier, Digicel failed to secure a mobile operating
license on its own, having lost out to Ooredoo and Telenor.
(Bloomberg)
 AREDC: Qatar residential ROI leads Middle East – According
to a report by Al Asmakh Real Estate Development Company
(AREDC), Qatar’s residential market offers 6-8% return on
investment (ROI), which is one of the highest in the Middle East.
AREDC said residential property is a prominent segment in the
Qatari realty market and owing to rising demand, well
maintained units get higher returns than those that are not
maintained well. The segment is slated to see higher rents and
sales in the coming quarters. The report also highlighted that
apartment prices rose 5% QoQ in 3Q2013. (Gulf-Times.com)
Page 2 of 5

3.  RasGas resumes output at its Train 7 after maintenance –
Ras Laffan Liquefied Natural Gas Company (RasGas) has
resumed the production at its Train 7 liquefaction plant after
completing works. Train 7 can produce 7.8mn metric tons of
LNG per year, making it the biggest along with five other plants
in Qatar. (Bloomberg)
 Health insurance to cover all Qatari nationals by 2014 –
Qatar’s National Health Insurance Scheme (NHIS) project
manager Husein Reka said the new health insurance scheme
will be expanded to cover all Qatari nationals by the spring of
2014. He said the scheme would include all specializations and
cover all Qatari nationals, and the same services would be
provided to expatriates by 2015. (Peninsula Qatar)
 Sphinex, Katara sign deal to run 5-star hotel – Sphinex
Hotels & Resorts for Touristic Assets Management has signed
an agreement with Katara Hospitality Group for the
management of the five-star Merweb Plaza Hotel located in Al
Sadd area. (Peninsula Qatar)
International
 Fed approves capital plans of Goldman and JPMorgan –
The US Federal Reserve said it approved new capital plans by
Goldman Sachs and JPMorgan Chase, after initially ordering the
banks to fix flaws in their capital planning processes. The plans
are part of the stress-testing regime meant to determine how the
biggest US banks would fare in a financial meltdown. Earlier, the
Fed said Goldman and JPMorgan could move forward with
plans to buy back shares and pay dividends. But regulators said
the stress tests, or comprehensive capital analysis and review
(CCAR), showed both banks had flawed processes for
determining capital payouts to shareholders. Regulators told the
two banks to fix the problems and submit new plans by the end
of the third quarter. (Reuters)
 US Chamber of Commerce seeks changes to financial risk
council – The US Chamber of Commerce has called for
changes to the US financial risk council that could slow the
process by which it designates large financial firms as systemic,
subjecting them to tougher supervision. (Reuters)
 EU Nations approve pact with China on solar-panel imports
– European Union countries has approved a deal with China to
curb imports of Chinese solar panels, bringing to an end the
EU’s biggest trade dispute of its kind. EU governments
endorsed an agreement struck by their trade chief and China in
July that sets a minimum price and a volume limit on European
imports of Chinese solar panels until the end of 2015.
Participating Chinese manufacturers will be spared EU tariffs
meant to counter alleged below-cost sales, a practice known as
dumping, and subsidies. (Bloomberg)
 BOJ's Governor unwavering on inflation goal – Bank of
Japan Governor Haruhiko Kuroda said he saw no need to water
down the bank's commitment to achieve 2% inflation in two
years, stressing that the country was on track to meet the target
despite risks from soft overseas growth. He also signaled the
bank's readiness to maintain its ultra-loose policy for as long as
needed to sustainably achieve the inflation target, or expand
stimulus further if the economy and prices sharply undershoot its
forecasts. (Reuters)
Regional
 QNB Group: GCC set for growth spurt from Qatar World
Cup, Dubai Expo – According to QNB Group, Dubai’s
successful bid for the World Expo 2020 and Qatar hosting the
FIFA World Cup 2022 bode well for the GCC region’s future,
providing a healthy GDP boost. QNB Group said the
combination of the two events in a reasonably short timeframe
should provide considerable impetus for growth in the UAE,
Qatar and the entire GCC region. QNB Group said these events
can be leveraged to showcase the region and promote the GCC
region as a leading destination for business, research and
development, culture and tourism. QNB Group said Dubai’s
successful bid to host the World Expo in 2020 will help boost
GDP growth in the UAE as well as the GCC region, and also
help drive the long-term economic diversification of the region
into an innovation and services hub. (Gulf-Times.com, Peninsula
Qatar)
 CSC: Average private investments in MENA estimated at 1315% of GDP – The Council of Saudi Chambers’ (CSC)
Chairman Abdullah Al Mabti said the average rate of private
sector investments in the GDP of MENA countries is estimated
at 13-15%. Meanwhile, Mohamed Al-Hamadi, a member of
Riyadh Chamber of Commerce & Industry, stressed the need for
cooperation between the private and public sectors in order to
boost work opportunities for coping with the increased
population growth and economic slowdowns. (GulfBase.com)
 SMBC: Saudi-Moroccan trade poised to reach SR26.25bn in
2014 – The Saudi Moroccan Business Council’s (SMBC) Head
Mohammed Al Hammadi said the trade exchange between
Saudi Arabia and Morocco is poised to jump to SR26.25bn by
early 2014. The proposed new shipping line between Jeddah
and Casablanca will boost commercial and investment ties
between the two countries and will boost trade exchange by
about 20% in 2014. He also said that SMBC has approved a
mechanism to encourage investment opportunities in order to
ensure food security through the development of the agricultural
sector. (GulfBase.com)
 SHB redeems its 2008 Mudaraba Certificates – Saudi
Hollandi Bank (SHB) has announced the redemption of its 2008
Mudaraba Certificates (sukuk) at their face value by the end of
the fifth year. These Mudaraba Certificates were issued in
December 2008 with an original maturity of 10 years and were
callable in December 2013. For this, SHB has obtained an
approval from the Saudi Stock Exchange. The redemption
amount along with the periodic distribution amount will be
transferred to certificate holders on December 31, 2013 based
on their respective holding as of December 21, 2013. (Tadawul)
 UAE to finance waste water projects in Egypt – The UAE’s
Minister of Local Development Adel Labib said that the Emirates
will finance about 135 waste water projects worth 1.8bn
Egyptian pounds. These projects will be implemented in various
Egyptian villages in December 2013. (Bloomberg)
 DFRE: Dubai to overtake London as world’s premier retailer
hub – Dubai Festivals & Retail Establishment’s (DFRE) CEO
HE Laila Mohammed Suhail said that the Emirate will soon
overtake London as the world’s premier retailer hub. Suhail said
that DFRE is working closely with its partners from the private
sector and government bodies to create new retail festival
concepts that will enhance the experience of millions of visitors
who will attend the 2020 World Expo. (GulfBase.com)
 DFM accredits Al Ramz Securities to provide DMA – The
Dubai Financial Market (DFM) has accredited Al Ramz
Securities to provide direct market access (DMA) for global
brokers, lifting the total number of DMA service providers to six.
DMA allows brokerage companies to mandate a global broker
who could use their access point to trade on DFM through
electronic trading. (DFM)
 ADNEC CEO: Atrush block’s first phase production to reach
30,000 bpd by 2015 – The Abu Dhabi National Energy
Page 3 of 5

4. Company’s (ADNEC) CEO David B. Cook said the first phase of
crude oil production from Atrush block in Kurdistan is set to
reach 30,000 barrels per day (bpd) by early 2015. Cook said the
company will raise its crude production to 100,000 bpd in a
phased manner. ADNEC holds 40% stake in Atrush block.
(Bloomberg)
 Etisalat may restart talks to sell Canar to Zain – According to
sources, Emirates Telecommunications Corporation (Etisalat)
could resurrect talks to sell its Sudan-based Canar
Telecommunications Company to Kuwait-based Mobile
Telecommunications Company (Zain). Etisalat took an
impairment of AED459mn against Canar in 2012. (Bloomberg)
 Kuwait Airways to buy 25 new aircraft, lease 12 more from
Airbus – Kuwait Airways has entered into an agreement with
Airbus to buy 25 new aircraft and lease 12 more aircraft. Under
this agreement, the airline will buy 25 Airbus planes, comprising
10 A350-900s and 15 A320neos, and lease 12 aircraft while
awaiting the delivery of new planes from 2019. Kuwait Airways
will receive its first leased aircraft in 2Q2014. (Bloomberg)
 SGT to insure $450mn PPP housing project in Bahrain –
Bahrain-based Solidarity General Takaful (SGT) will insure
public-private partnership (PPP) housing project in the Bahrain.
This $450mn housing project is a partnership between Bahrain’s
Ministry of Housing & Works, Naseej & Sharaka for Housing
Projects. This is the largest housing project ever to be
developed in Bahrain under PPP, which involves the
development of around 2,800 affordable housing units in Al
Madina, Al Shamaliya and Al Luwzi areas. (GulfBase.com)
 Batelco’s deal for C&W’s business falls through – Cable &
Wireless Communications (C&W) said the sale of its business in
Seychelles to Bahrain Telecommunications Company (Batelco)
has fallen through. Earlier, C&W had announced the sale of its
Monaco & Islands division, which owned stakes in various
operators in 12 markets, to Batelco as part of a restructuring for
a group previously spread across the world. C&W said Batelco
has failed to secure the approval to buy the business within the
required date. (Gulf-Times.com)
 CMH, Capivest, Elaf to operate as Ibdar Bank – Bahrainbased Capital Management House (CMH), Capivest Investment
Bank and Elaf Bank have renamed their new combined entity as
“Ibdar Bank”. The new entity’s launch follows a three-way
Islamic banking merger. This has resulted in the creation of a
diversified and financially robust institution with $300mn of paidup capital, $329mn in equity, and an asset base of $360mn.
(GulfBase.com)
Page 4 of 5

5. Rebased Performance
Daily Index Performance
160.0
150.0
140.0
130.0
120.0
110.0
100.0
90.0
80.0
2.1%
149.0
1.4%
1.2%
1.4%
130.9
118.8
0.6%
0.4%
0.0%
(0.2%)
S&P Pan Arab
S&P GCC
Source: Bloomberg
Asset/Currency Performance
Gold/Ounce
Silver/Ounce
Crude Oil (Brent)/Barrel (FM
Future)
Natural Gas (Henry
Hub)/MMBtu
North American Spot LPG
Propane Price
North American Spot LPG
Normal Butane Price
Euro
Dubai
Oman
Source: Bloomberg
Close ($)
1D%
WTD%
YTD%
Global Indices Performance
1,219.75
(2.7)
(2.7)
(27.2)
DJ Industrial
19.16
(4.2)
(4.2)
(36.9)
111.45
1.6
1.6
0.3
3.84
1.3
1.3
12.0
STOXX 600
120.00
2.6
2.6
34.1
137.25
0.0
0.0
(20.7)
1.35
(0.4)
(0.4)
2.6
102.94
0.5
0.5
18.7
GBP
1.64
(0.1)
(0.1)
0.6
CHF
1.10
(0.3)
(0.3)
0.7
AUD
0.91
(0.0)
(0.0)
(12.4)
USD Index
80.93
0.3
0.3
RUB
33.22
0.3
0.3
BRL
0.42
(0.9)
(0.9)
(13.0)
Yen
Bahrain
Jul-13
Kuwait
May-12 Dec-12
Abu Dhabi
QE Index
Oct-11
Qatar
Jan-10 Aug-10 Mar-11
(0.3%) (0.2%) (0.4%)
Saudi Arabia
(0.9%)
Close
1D%
WTD%
YTD%
16,008.77
(0.5)
(0.5)
22.2
S&P 500
1,800.90
(0.3)
(0.3)
26.3
NASDAQ 100
4,045.26
(0.4)
(0.4)
34.0
324.10
(0.3)
(0.3)
15.9
DAX
9,401.96
(0.0)
(0.0)
23.5
FTSE 100
6,595.33
(0.8)
(0.8)
11.8
4,285.81
(0.2)
(0.2)
17.7
15,655.07
(0.0)
(0.0)
50.6
MSCI EM
1,013.44
(0.5)
(0.5)
(4.0)
SHANGHAI SE Composite
2,207.37
(0.6)
(0.6)
(2.7)
HANG SENG
24,038.55
0.7
0.7
6.1
1.4
BSE SENSEX
20,898.01
0.5
0.5
7.6
8.8
Bovespa
51,244.87
(2.4)
(2.4)
(15.9)
1,398.74
(0.3)
(0.3)
(8.4)
Source: Bloomberg
CAC 40
Nikkei
RTS
Source: Bloomberg
Contacts
Saugata Sarkar
Ahmed M. Shehada
Keith Whitney
Sahbi Kasraoui
Head of Research
Head of Trading
Head of Sales
Manager - HNWI
Tel: (+974) 4476 6534
Tel: (+974) 4476 6535
Tel: (+974) 4476 6533
Tel: (+974) 4476 6544
saugata.sarkar@qnbfs.com.qa
ahmed.shehada@qnbfs.com.qa
keith.whitney@qnbfs.com.qa
sahbi.alkasraoui@qnbfs.com.qa
QNB Financial Services SPC
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
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offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or financial advice. We therefore strongly advise potential
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