Qatar Airways and QNB Group Forge Historic Financial Partnership for Future Growth
On June 4, 2025, Qatar Airways entered into a significant agreement with leading Qatari banks, spearheaded by QNB Group, to secure a loan facility of QAR 4.5 billion. This marks a milestone as it's the first such collaboration in the past 28 years and highlights Qatar Airways' dedication to supporting Qatar National Vision 2030.
The syndication, led exclusively by QNB Group, involved other prominent banks, including Ahlibank, Commercial Bank, Doha Bank, Dukhan Bank, QIB, and QIIB. The innovative structure of this transaction is set to include lending in Qatari Riyals across both conventional and Islamic frameworks, adhering to international benchmarks for strategic financial agreements.
Engr. Badr Mohammed Al-Meer, Qatar Airways Group CEO, expressed his enthusiasm for collaborating with the Qatari banking sector. He emphasized that this partnership reflects the airline’s trust in the operational excellence and strength of local financial institutions. Al-Meer stated, "We are honoured to collaborate with the leading banks of Qatar as we continue to fulfill our commitment to the Qatar National Vision 2030. Our journey has been shaped significantly by the support from these institutions, propelling us to new milestones. These resilient partnerships are crucial for fostering innovation in the industry and enhancing global connectivity."
QNB Group's CEO, Mr. Abdulla Mubarak Al-Khalifa, also shared his satisfaction with this relationship, noting, "Being selected by Qatar Airways for this key role highlights QNB's expertise in complex financial solutions and its dedication to supporting the growth aspirations of our clients alongside Qatar National Vision 2030."
Qatar Airways is poised to leverage this financing to advance its fleet expansion and network growth strategy, while further bolstering local economic development and contributing to national prosperity. The agreement is aimed at fostering closer ties between the aviation and banking sectors, paving the way for innovative financial solutions tailored to meet the evolving needs of the airline while reinforcing the overall economic resilience of the nation.
About Qatar Airways: Qatar Airways is a multiple award-winning airline, recently recognized as the 'World’s Best Airline' for an impressive eighth time at the Skytrax World Airline Awards in 2024. Known for its commitment to excellence, Qatar Airways has also been awarded 'World's Best Business Class', and consistently receives accolades for its top-tier service and outstanding operational standards. Currently connecting over 170 destinations worldwide through its hub at Doha’s Hamad International Airport, the airline remains at the forefront of industry innovation, having also been recognized for its digital achievements.
About QNB Group: QNB Group stands as a leading financial institution in the Middle East and Africa, with a presence in over 28 countries. The bank prides itself on delivering customized products and services backed by innovation and a dedicated team focused on banking excellence. Through this partnership, both Qatar Airways and QNB Group underline their commitment to contributing to Qatar's strategic economic goals, ensuring sustainability and growth in the region's financial landscape.
The syndication, led exclusively by QNB Group, involved other prominent banks, including Ahlibank, Commercial Bank, Doha Bank, Dukhan Bank, QIB, and QIIB. The innovative structure of this transaction is set to include lending in Qatari Riyals across both conventional and Islamic frameworks, adhering to international benchmarks for strategic financial agreements.
Engr. Badr Mohammed Al-Meer, Qatar Airways Group CEO, expressed his enthusiasm for collaborating with the Qatari banking sector. He emphasized that this partnership reflects the airline’s trust in the operational excellence and strength of local financial institutions. Al-Meer stated, "We are honoured to collaborate with the leading banks of Qatar as we continue to fulfill our commitment to the Qatar National Vision 2030. Our journey has been shaped significantly by the support from these institutions, propelling us to new milestones. These resilient partnerships are crucial for fostering innovation in the industry and enhancing global connectivity."
QNB Group's CEO, Mr. Abdulla Mubarak Al-Khalifa, also shared his satisfaction with this relationship, noting, "Being selected by Qatar Airways for this key role highlights QNB's expertise in complex financial solutions and its dedication to supporting the growth aspirations of our clients alongside Qatar National Vision 2030."
Qatar Airways is poised to leverage this financing to advance its fleet expansion and network growth strategy, while further bolstering local economic development and contributing to national prosperity. The agreement is aimed at fostering closer ties between the aviation and banking sectors, paving the way for innovative financial solutions tailored to meet the evolving needs of the airline while reinforcing the overall economic resilience of the nation.
About Qatar Airways: Qatar Airways is a multiple award-winning airline, recently recognized as the 'World’s Best Airline' for an impressive eighth time at the Skytrax World Airline Awards in 2024. Known for its commitment to excellence, Qatar Airways has also been awarded 'World's Best Business Class', and consistently receives accolades for its top-tier service and outstanding operational standards. Currently connecting over 170 destinations worldwide through its hub at Doha’s Hamad International Airport, the airline remains at the forefront of industry innovation, having also been recognized for its digital achievements.
About QNB Group: QNB Group stands as a leading financial institution in the Middle East and Africa, with a presence in over 28 countries. The bank prides itself on delivering customized products and services backed by innovation and a dedicated team focused on banking excellence. Through this partnership, both Qatar Airways and QNB Group underline their commitment to contributing to Qatar's strategic economic goals, ensuring sustainability and growth in the region's financial landscape.
Topics Financial Services & Investing）
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