QNB considers 1:10 stock split to enhance liquidity

QNB considers 1:10 stock split to enhance liquidity:

QNB, the country’s largest lender, is considering a 1:10 stock split, whereby each share will be subdivided into 10 shares, a move that ought to enhance the liquidity of the scrip and thus help in price discovery.

The face value of QNB shares now at QR10 per piece will be reduced to QR1 after the split, a proposal which will be taken up by the extraordinary general assembly of shareholders, scheduled to be held next month.

QNB is the second entity to announce the 1:10 split after Qatar Insurance last year disclosed such a step.