QNB Group, the largest financial institution in the Middle East and Africa, has successfully completed the refinancing of its €1 billion senior unsecured syndicated term loan facility, securing strong backing from both regional and international banks. Despite challenging global market conditions, the refinancing was significantly oversubscribed, underscoring QNB’s standing as a trusted borrower within the financial community.
Abdulla Mubarak Al-Khalifa, QNB Group’s CEO, expressed confidence in the bank’s strategy following the successful refinancing. “This transaction attracted strong interest from global and regional banks alike, allowing us to expand our investor base. The significant oversubscription at competitive pricing, despite market challenges, reinforces our reputation as a high-quality borrower,” he said. “It affirms our strategic positioning as a leading bank in the Middle East, Africa, and Southeast Asia (MEASEA) region, while helping us forge valuable, long-lasting relationships.”
The refinancing facility, which has a three-year maturity, was arranged with 23 institutions joining the syndication, enabling a substantial oversubscription. Crédit Agricole Corporate and Investment Bank, Société Générale, and Standard Chartered led the syndication as Bookrunners and Initial Mandated Lead Arrangers. Standard Chartered also served as the Documentation Co-ordinator, while Société Générale acted as the Facility Agent.
The successful transaction is seen as a vote of confidence in QNB’s financial stability and strategic direction, particularly during a period of heightened global market volatility. The deal not only secures QNB’s ability to meet its financial obligations over the next three years but also strengthens its reputation among international investors.
QNB Group is recognised as the largest financial institution in the Middle East and Africa, and one of the most valuable banking brands in the region. With an extensive footprint in over 28 countries across three continents—Asia, Europe, and Africa—the bank offers a wide range of financial services and solutions to meet the evolving needs of its global customer base.
The group employs more than 31,000 professionals, all dedicated to fostering growth and delivering innovative products tailored to customer needs. QNB’s successful track record and broad geographical reach continue to reinforce its position as a key player in global finance.
This refinancing is expected to enhance QNB’s capital position, enabling the institution to maintain its strong financial profile while continuing to support its customers’ needs in an increasingly complex and competitive global marketplace.
The latest refinancing move is part of QNB’s broader strategy to strengthen its liquidity position and maintain financial flexibility as it continues its expansion across key markets. With a commitment to maintaining strong relationships with investors, the bank has repeatedly demonstrated its ability to navigate challenging market environments while preserving its position as a leading player in the MEASEA region.
For more information on QNB Group’s global services and future plans, visit www.qnb.com
