Company: Qatar National Bank
Country: Egypt
Sector: Regional Banks
CEO: Not publicly listed
Website: Not publicly listed
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Cairo, Egypt
Founded: 1978
Valuation/Revenue: $1,061.7m revenue / $1,455.6m market value (African Business Top 250, 2025)
Qatar National Bank’s Egyptian operation — long branded QNB Al Ahli and, since a 2024 rebrand, QNB Egypt — is one of Egypt’s largest private-sector banks, offering retail, corporate and investment banking services. It operates as the Egyptian subsidiary of QNB Group, the Doha-headquartered banking group and one of the largest financial institutions in the Middle East and Africa.
What Does QNB’s Egypt Business Do?
QNB Egypt provides a full suite of banking services in the Egyptian market, including retail banking (deposits, personal loans, cards and digital banking), corporate and commercial lending, trade finance, and treasury and investment banking services, serving both individual customers and Egyptian and multinational corporate clients. As a subsidiary of a large regional banking group, it benefits from QNB Group’s balance-sheet strength, correspondent banking network and access to Gulf capital, which has historically supported its lending capacity in the Egyptian market.
How Big Is QNB in Egypt?
African Business’s Top 250 (2025) recorded QNB’s Egyptian operation’s revenue at approximately $1,061.7 million with a market value of roughly $1,455.6 million, ranking it 127th among Africa’s largest companies and making it one of the more significant foreign-owned banks operating in the Egyptian market by scale.
Who Owns QNB Egypt?
QNB Egypt is owned by QNB Group, based in Doha, Qatar, whose own shareholder base is split roughly evenly between the Qatar Investment Authority (the sovereign wealth fund of the State of Qatar) and public shareholders. QNB Group’s Group CEO is Abdulla Mubarak Al-Khalifa. QNB entered the Egyptian market in 2013 by acquiring National Société Générale Bank (NSGB), Egypt’s largest private-sector bank at the time, from France’s Société Générale, and rebranded it QNB Al Ahli.
Is QNB Egypt Publicly Traded?
QNB Egypt operates as a subsidiary of QNB Group; QNB Group itself is listed and trades on the Qatar Stock Exchange, where it ranks among the largest listed companies in the Gulf region and has featured on Forbes Middle East’s rankings of top listed companies and most valuable banks.
How Old Is QNB’s Egyptian Business?
The Egyptian banking franchise now operating as QNB Egypt has roots going back to the founding of National Société Générale Bank in the late 1970s, before QNB’s 2013 acquisition and rebrand, and a further 2024 rebrand from QNB Al Ahli to simply QNB Egypt as part of the parent group’s global brand unification strategy.
Where Is QNB Egypt Headquartered?
QNB’s Egyptian operations are headquartered in Cairo, Egypt, with a nationwide branch network, while its parent, QNB Group, is headquartered in Doha, Qatar, and operates across more than two dozen countries in the Middle East, Africa, Asia and Europe.
What Has QNB Egypt Been in the News For Recently?
The most notable recent development is the 2024 phase-out of the long-standing “Al Ahli” brand name in favour of the unified QNB Egypt identity, part of QNB Group’s broader push to present a single global brand across its international subsidiaries. More broadly, foreign-owned banks operating in Egypt, including QNB Egypt, have had to navigate a period of significant Egyptian pound devaluation, high interest rates and inflation, all of which have reshaped lending, deposit and currency-translation dynamics for banks with Egyptian operations.
Is QNB Egypt Legit?
Yes. QNB Egypt operates under a full Egyptian banking licence, is subject to Central Bank of Egypt regulation and supervision, and is backed by QNB Group, one of the largest and most closely regulated banking groups in the Middle East and Africa, listed on the Qatar Stock Exchange. This regulatory oversight and its decades-long operating history in Egypt (via its NSGB and QNB Al Ahli predecessor identities) make it a legitimate, well-established bank rather than a newly formed or unregulated entity.
How Does QNB Egypt Compare to Its Competitors?
In the Egyptian banking market, QNB Egypt competes with other large private and foreign-owned banks such as Commercial International Bank (CIB), Banque Misr, National Bank of Egypt, and other Gulf-backed lenders including Al Ahli Bank of Kuwait’s Egyptian operations. QNB’s Gulf-based capital strength and its position within a large multinational banking group are often cited as key differentiators relative to smaller domestic private banks.
Links
Website: Not publicly listed
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
What is QNB Egypt?
The Egyptian banking subsidiary of Qatar National Bank Group, offering retail, corporate and investment banking services.
Was QNB Egypt previously called something else?
Yes, it operated as QNB Al Ahli after QNB’s 2013 acquisition of National Société Générale Bank, before rebranding to QNB Egypt in 2024.
Who owns QNB Egypt?
It is owned by QNB Group, whose shareholders are split roughly evenly between the Qatar Investment Authority and public investors.
Who is the CEO of QNB Group?
Abdulla Mubarak Al-Khalifa is Group CEO of QNB Group.
Where is QNB Egypt headquartered?
Cairo, Egypt.
How big is QNB’s Egyptian business?
African Business’s 2025 Top 250 recorded about $1.06 billion in revenue and a market value near $1.46 billion.