Tribune News Network
Doha
Qatar National Bank (QNB) announced on Monday that it has received approval from the Qatar Financial Markets Authority (QFMA) to extend its share buyback program for another year or until the approved quantity of 184,728,571 shares is fully repurchased, whichever comes first.
The buyback initiative, initially approved by the QNB Group Board in September 2024 for a value of up to QR 2.9 billion on the Qatar Stock Exchange (QSE), is part of the group’s disciplined capital distribution and allocation strategy.
Earlier in March, the Qatar Stock Exchange had announced the suspension of QNB’s share buybacks during the closing period from March 25 to April 9, ahead of the publication of the group’s Q1 2025 financial results.
