Thursday 27 June 2013

Chief Who Built Biggest Arab Bank Takes Over Qatar Finances - Bloomberg

"For Ali Shareef Al Emadi, managing the finances of the world’s richest country is a job he’s already been involved in for eight years.
During that time, the chief executive officer of Qatar National Bank SAQ, who was appointed finance minister in a new Qatari government late yesterday, helped build the company into the Middle East’s biggest lender. QNB grew its assets to more than $100 billion in the period, the only Arab bank to reach that threshold, data compiled by Bloomberg show.
“Qatar National Bank closed some of the key acquisitions outside Qatar and grew significantly in size under the leadership of Ali Shareef Al Emadi,” Amol Shitole, a credit analyst with SJS in Bangalore, India, said by e-mail today. “The bank has a clear strategy in place to expand internationally by carefully selecting markets.”"

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