1. Press Release
QNB Group officially announce the acquisition of a controlling stake in NSGB
Doha, March 28, 2013
QNB Group officially announced today the successful completion of acquiring a
controlling stake in National Société Générale Bank - Egypt (NSGB). The final
percentage of shares acquired is 97.12%, which included Société Générale (SG) entire
stake in NSGB of 77.17% and 19.95% via the Mandatory Tender Offer.
Egypt is the 4th largest economy in the MENA region and a market that is integral to
QNB Group in achieving its goal to become a Middle East and Africa Icon by 2017.
NSGB is the second largest private bank in Egypt with 160 branches across the
country, and more than 4,500 employees.
** END **
About QNB Group
Qatar National Bank (QNB Group) was established in 1964 as the country’s first Qatari-
owned commercial bank, has an ownership structure split between the Qatar
Investment Authority (50%) and the private sector (50%).
QNB Group has steadily grown to be among the largest banks in the Middle East and
North Africa Region and is by far the leading financial institution in the country with a
market share exceeding 45% of banking sector assets.
QNB Group has witnessed rapid international expansion in the past few years and
operates in 24 countries around the world through its network, subsidiaries and
associate companies employing about 8,800 staff from 400 branch and offices that are
supported by an ATM network that exceeds 800 machines.