Qatar Airways Marks Historic Partnership with Local Banks for Strategic Financing

Qatar Airways and Local Banks: A Groundbreaking Partnership



In an unprecedented move that symbolizes confidence in national finance, Qatar Airways has officially signed a historic agreement with the QNB Group and several other leading Qatari banks. This landmark deal, finalized after 28 years, involves a monumental strategic financing package estimated at QAR 4.5 billion. Such a collaboration is expected to pave the way for substantial growth opportunities not only for the airline but also for the Qatari economy as a whole.

The financing transaction is entirely facilitated by Qatari local banks, showcasing Qatar Airways' commitment to the country's Vision 2030 initiative. QNB Group takes a pivotal role as the exclusive Book Runner, Global Coordinator, and Structuring Bank for the entire syndication. Other participants include prestigious financial institutions such as Ahlibank, Commercial Bank, Doha Bank, Dukhan Bank, QIB, and QIIB.

This financing arrangement introduces a novel approach that includes segments for both conventional and Islamic financing, adhering to international commercial standards. This innovative structure is not just about providing funds; it signifies Qatar Airways' strategy to bolster local economic growth and encourage collaboration within the banking sector.

Engr. Badr Mohammed Al-Meer, the CEO of Qatar Airways, expressed the organization’s gratitude for the banks’ support. He stated, “This specific partnership underscores our confidence in the operational excellence of Qatar's banking sector. We honor the collaboration with major banks as we continue our commitment to achieving Qatar's National Vision 2030. The participation of financial institutions has been pivotal in our journey, allowing us to reach new heights.”

Adding to this sentiment, Abdullah Mubarak Al-Khalifa, the CEO of QNB Group, remarked on the significant trust placed in them by Qatar Airways through this partnership, stating, “This appointment highlights QNB's expertise in structuring complex financial solutions while supporting our clients' growth objectives.”

As part of its aggressive fleet expansion and network growth strategy, Qatar Airways remains steadfast in supporting local institutions, enhancing economic development, and contributing to national prosperity. With this strategic financing, the national carrier aims to foster deeper connections between the aviation and banking sectors, paving the way for innovative financial frameworks tailored to meet evolving airline needs while bolstering the resilience of the broader economy.

About Qatar Airways


A multiple award-winning airline, Qatar Airways has been recognized as the 'World's Best Airline' at the 2024 World Airline Awards, a title awarded by the global airline rating organization, Skytrax. Qatar Airways has earned this accolade multiple times, establishing itself as a benchmark for excellence in the aviation industry, including accolades for 'Best Business Class' and 'Best Business Class Lounge in the World'.

Currently, Qatar Airways operates more than 170 destinations worldwide, connecting travelers through its Doha hub, Hamad International Airport, which has consistently been recognized as the 'Best Airport in the Middle East' for 11 consecutive years, and awarded global shopping accolades by Skytrax.

Being a leader in industry innovation and digital adoption, Qatar Airways has also been named 'World's Best Airline Website' by the World Travel Tech Awards in 2024. The airline was the first in the Middle East to earn the highest certification in the IATA Environmental Assessment program, reflecting its commitment to environmental standards.

About QNB Group


QNB Group stands as one of the foremost financial institutions within the MEA region, known for its innovation-driven banking services. The group operates across over 28 countries in Asia, Europe, and Africa, with a mission to provide tailored financial products supported by a dedicated team of more than 31,000 professionals striving for excellence in banking worldwide.

Topics Business Technology)

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