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Qatar’s biggest bank looks to double foreign ownership

DOHA: Qatar National Bank, the Middle East's biggest bank, Monday said it aimed to almost double its foreign ownership limit, nine months into a regional crisis with Doha at its center. "QNB Group intends to recommend to the Extraordinary General Assembly of the Bank, to approve increasing the percentage of non-Qatari ownership in the Company's capital to 49 percent instead of 25 percent," read a statement released by QNB. The bank said it would announce the date for the EGA "in due course". The proposed move comes…