QATAR National Bank invests in a Moroccan bank group … focus on mutual business

Officials of QNB Group and Attijarifawa Bank of Morocco officials signing the memorandum of understanding.

QNB has signed a Memorandum of Understanding (MoU) with Attijariwafa Bank, the first Bank in Morocco and one of the largest in Africa. The MoU will focus on mutual business in various areas such as Capital Markets, Trade Finance and investment flows between Qatar and Morocco.

Abdulla Mubarak Al Khalifa, General Manager, Group Corporate & Institutions Banking who signed the MoU on behalf of QNB said: “At QNB Group, we always look forward to have the right partnership with the right organizations, Attijariwafa Bank is one of those in Africa”

“We hope this MoU we signed today will mark a successful business relation and a fruitful cooperation for both our institutions, especially with QNB’s current expansion plans”, he added.

Boubker Jai,  who signed the MoU on behalf of Attijariwafa bank said:”We’re happy to partner with the world’s strongest bank, and we are confident that this MoU will be a win-win situation for both our organizations. It will also enable Attijariwafa Bank and QNB clients to be mutually better supported in all countries where the two Groups have a presence.

Source: The Peninsula

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