DOHA: Qatar National Bank (QNB), the country’s largest lender, has bagged the prestigious ‘Best Company for Investor Relations in Qatar’, award at the Middle East Investor Relations Society 2014 Annual Conference held at the DIFC Conference Centre in Dubai, a statement said on Wednesday.
The award, in collaboration with Thomson Reuters Extel, were weighted according to votes cast by buy and sell side analysts globally.
It recognises efforts of regional companies and investor relations professionals who play a critical role in developing investor relations.
With this, the bank has added another award to its portfolio.
This year, QNB was recognised as ‘The Best Bank in The Middle East’ by Euromoney magazine.
It also received ‘The Best Bank in Qatar’ and ‘Best Bank in the Middle East 2014’ from the Banker magazine.
QNA maintains its recognition as ‘One of The World’s Top 50 Safest Commercial Banks’ by the Global Finance magazine.
The Middle East Investor Relations Society’s flagship event is its annual conference and awards ceremony.
The event is the largest investor relations forum in the Middle East. Its main aim is to educate market participants on the importance of investor relations, encourage dialogue and support implementation of investor relations best practice, while providing members with a networking platform.
The conference brings together members of the capital markets community, investors, buy and sell side analysts, advisers, representatives from regional governments, stock exchanges and regulatory bodies.
QNB Group is among the highest rated of regional banks with credit ratings of Standard & Poor’s (A+), Moody’s (Aa3), Fitch (A+), and Capital Intelligence (AA-).
The Group also has a robust financial performance with net profits for nine months ending September 30, 2014, recorded at QR8bn (up 12.6 percent from the previous year) and total assets of QR475bn (up 8.8 percent), the highest achieved by the Group.
The Group has an ownership structure split between the Qatar Investment Authority (50 percent) and the private sector (50 percent.The Peninsula
