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Islamic Finance Briefing - Categorized | Banking, Investment, Market Moves more

Qatar’s QNB eyes major stake in Moroccan bank

Posted on 18 January 2012

Qatar National Bank, the Gulf country’s biggest lender, signed an agreement to buy a majority stake in the Morocco-based Union Marocaine des Banques, according to astatement by the Doha lender on Tuesday.
The acquisition is subject to the approval of regulators in both countries and is part of Qatar National’s strategy to expand its presence in Africa, where it already operates in Sudan, South Sudan, Libya, Tunisia, Algeria and Mauritania, the lender said in the statement………………………………………..Full Article: Source

 
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