ArabFinance: The extraordinary general meeting (EGM) of Qatar National Bank Alahli (QNB Al Ahli) (QNBA) is set to consider a proposal to change articles 23, 29, and 30 of the bank’s articles of association, according to a filing to the Egyptian Exchange (EGX) on Wednesday.
The three articles pertain to the powers of chairman over signature and representation.
It is worth noting that QNB Al Ahli posted a consolidated net profit of EGP 7.627 billion in 2021, up from EGP 7.492 billion in 2020.
QNB Alahli, formerly National Societe Generale Bank, is an Egypt-based bank that offers corporate and retail banking to corporate, and medium and small enterprises, as well as individuals.
The bank is organized into three business segments: retail banking, corporate and investment banking, and Tawazon Fund.