Qatar National Bank to sell small stake in Egypt unit to comply with listing rules | ZAWYA MENA Edition

Qatar National Bank to sell small stake in Egypt unit to comply with listing rules | ZAWYA MENA Edition:

"Qatar National Bank (QNB) QNBK.QA , the Middle East's largest lender by assets, said it will sell a 2 percent stake in its Egyptian unit QNB Alahly QNBA.CA to comply with Cairo listing rules. A QNB spokesman said the bank had no current plans to further reduce its stake, which will stand at 95 percent after the sale. The sale of the 2.125 percent stake is intended to comply with Egyptian stock exchange rules that require a free float of not less than 5 percent, QNB Alahly QNBA.CA said in a statement. "



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