Qatar buys bank stake.

Provided by 7DAYS.ae

UAE: Qatar National Bank (QNB) yesterday said it had bought a 23.77 per cent stake in Abu Dhabi-listed Commercial Bank International for around $320 million.As a result, the UAE bank's stock soared 7.72 per cent to dhs3.66 on the Abu Dhabi Securities Exchange."This strategic stake is to broaden the network of QNB outside of Qatar," said Andrew Duff, head of international banking at QNB, Qatar's biggest bank.

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