QNB Group successfully syndicated a US$2.5 billion (QR9.1 billion) senior unsecured term loan facility, attracting commitments from 25 international and regional banks. The deal was twice oversubscribed, with nine Asian banks contributing approximately
Asian banks contributed US$1.25 billion (QR4.55 billion), representing half of the total facility. DBS, HSBC, ICBC, Mizuho and Standard Chartered acted as initial mandated lead arrangers and bookrunners.
The funding comes as QNB’s lending portfolio continues to expand at a faster pace than QNB’s lending portfolio grew faster than its deposit base. In the first nine months of 2026, loans and advances increased 6% year-on-year to approximately QR1.06 trillion (US$291 billion), while customer deposits rose 2% to QR979 billion (US$269 billion). Net profit climbed 4% to QR13.3 billion (US$3.7 billion).
QNB said the facility would support general corporate purposes, while participation from banks across multiple markets would help diversify its lender base.
