CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business / Qatar Business

QNB wins “Digital Transformation” Award at the Procurement Success Awards 2025

Published: 19 Nov 2025 - 09:49 pm | Last Updated: 19 Nov 2025 - 09:52 pm
Peninsula

The Peninsula

Doha, Qatar: In a landmark achievement reaffirming its digital leadership in the region, QNB, the largest financial institution in the Middle East and Africa, has been awarded the prestigious “Digital Transformation Award” at the Procurement Success Awards 2025, held recently in Shanghai, China.

This recognition makes QNB the first bank in Qatar and the Middle East to receive this honor, underscoring its commitment to innovation and operational excellence.

The award celebrates QNB’s success in transforming procurement into a fully digital, strategic, and data-driven function through the implementation of a comprehensive, cloud-based spend management platform powered by Coupa.

This transformation has modernized how QNB manages sourcing, purchasing, and supplier engagement — creating a unified procurement ecosystem that delivers greater efficiency, transparency, and governance across all operating markets.

Since the launch of its Group Procurement Division, QNB has embedded advanced digital tools and analytics that have significantly accelerated procurement turnaround times, enhanced compliance with global standards, and streamlined collaboration between business units and suppliers.

The new platform connects QNB operations in Qatar and nine additional countries, providing real-time visibility of spend, performance, and value delivery across the Group.

The award reflects the remarkable journey QNB Group has undertaken to reimagine procurement as a strategic enabler of business performance, digital innovation, and disciplined execution.

The platform not only enhances efficiency and transparency but also delivers measurable value to the Group and its stakeholders.

Aligned with Qatar’s Digital Agenda 2030, QNB’s digital procurement journey reflects its broader commitment to supporting the national vision for a technology-driven economy.

This milestone demonstrates how strategic digital transformation in procurement can unlock enterprise-wide value, positioning QNB at the forefront of innovation in the financial sector.

QNB Group is one of the leading financial institutions in the Middle East and Africa and is ranked as the most valuable banking brand in the MEA region.

Present in over 28 countries across Asia, Europe, and Africa, it offers tailored products and services supported by innovation and backed by a team of over 31,000 professionals dedicated to driving banking excellence, worldwide.