Latest news with #QR4.5
Qatar Tribune
2 days ago
- Business
- Qatar Tribune
QA, leading Qatari banks sign QR4.5 bn financing deal
Tribune News Network Doha For the first time in 28 years, Qatar Airways (QA) has signed a landmark agreement with leading local Qatari banks led by QNB to provide QR4.5 billion in strategic financing. The financing will be provided by domestic banks in Qatar. The syndication was fully underwritten and led by QNB Group as the sole and exclusive Book Runner, Global Coordinator, Initial Mandated Lead Arranger and Structuring Bank, while the lending banks include Ahlibank, Commercial Bank, Doha Bank, Dukhan Bank, QIB, and QIIB. This new agreement will see an innovative approach taken whereby local banks lend in Qatari Riyals in both conventional and Islamic tranches and commercial terms in line with international benchmarks for a strategic financing transaction of this nature. Qatar Airways Group Chief Executive Officer Engr Badr Mohammed Al Meer said, 'Qatar Airways' latest purpose-driven partnership demonstrates our trust in the operational excellence of the Qatari banking sector. We are honoured to collaborate with the leading banks of Qatar as we continue to further our commitment to fulfilling the Qatar National Vision 2030. We thank the financial institutions that have played a vital role in shaping our journey, offering support that has helped us reach new millstones. We believe such strong and resilient partnerships remain essential for driving industry innovation and expanding global connectivity.' QNB Group Chief Executive Officer Abdulla Mubarak Al Khalifa said, 'We are pleased to have been selected by Qatar Airways for this prominent role. This appointment underscores QNB's expertise in structuring complex financing solutions and its commitment to supporting the growth objectives of our clients and supporting Qatar National Vision 2030.' As Qatar Airways continues its ambitious fleet and network growth strategy, it remains firmly committed to supporting local institutions, enhancing economic development, and contributing to national prosperity. With this agreement, the national carrier also aims to stimulate greater collaboration between the aviation and the banking sector, paving the way for innovative financial structures tailored to the airline's evolving needs while promoting national economic resilience.
Qatar Tribune
2 days ago
- Business
- Qatar Tribune
Qatar Airways signs QR4.5 bn loan facility pact with Qatari banks
For the first time in 28 years, Qatar Airways has signed a landmark agreement with leading local Qatari banks, led by Qatar National Bank (QNB), to secure QR4.5 billion in strategic financing. According to a statement from Qatar Airways on Wednesday, the financing will be provided by domestic banks in Qatar. The syndication was fully underwritten and led by QNB Group as the sole and exclusive Book Runner, Global Coordinator, Initial Mandated Lead Arranger and Structuring Bank, while the lending banks include Ahlibank, Commercial Bank, Doha Bank, Dukhan Bank, Qatar Islamic Bank (QIB), and Qatar International Islamic Bank (QIIB). This new agreement will see an innovative approach taken whereby local banks lend in Qatari Riyals in both conventional and Islamic tranches and commercial terms in line with international benchmarks for a strategic financing transaction of this nature. (TNN) page 8
Qatar Tribune
2 days ago
- Business
- Qatar Tribune
Qatar Airways announces QR4.5 billion loan facility with leading Qatari banks
DOHA: For the first time in 28 years, Qatar Airways has signed a landmark agreement with leading local Qatari banks, led by Qatar National Bank (QNB), to secure QR4.5 billion in strategic financing. According to a statement from Qatar Airways, the financing will be provided by domestic banks in Qatar. The syndication was fully underwritten and led by QNB Group as the sole and exclusive Book Runner, Global Coordinator, Initial Mandated Lead Arranger and Structuring Bank, while the lending banks include Ahlibank, Commercial Bank, Doha Bank, Dukhan Bank, Qatar Islamic Bank (QIB), and Qatar International Islamic Bank (QIIB). This new agreement will see an innovative approach taken whereby local banks lend in Qatari Riyals in both conventional and Islamic tranches and commercial terms in line with international benchmarks for a strategic financing transaction of this nature. Qatar Airways Group Chief Executive Officer, Eng Badr Mohammed Al Meer, said: "Qatar Airways'latest purpose-driven partnership demonstrates our trust in the operational excellence of the Qatari banking sector. We are honored to collaborate with the leading banks of Qatar as we continue to further our commitment to fulfilling the Qatar National Vision 2030. We thank the financial institutions that have played a vital role in shaping our journey, offering support that has helped us reach new millstones. We believe such strong and resilient partnerships remain essential for driving industry innovation and expanding global connectivity." QNB Group Chief Executive Officer, Abdulla Mubarak Al Khalifa, said: "We are pleased to have been selected by Qatar Airways for this prominent role. This appointment underscores QNB's expertise in structuring complex financing solutions and its commitment to supporting the growth objectives of our clients and supporting Qatar National Vision 2030." As Qatar Airways continues its ambitious fleet and network growth strategy, it remains firmly committed to supporting local institutions, enhancing economic development, and contributing to national prosperity. With this agreement, the national carrier also aims to stimulate greater collaboration between the aviation and the banking sector, paving the way for innovative financial structures tailored to the airline's evolving needs while promoting national economic resilience.
Qatar Tribune
18-05-2025
- Business
- Qatar Tribune
QSL workshop explains new foreign player registration, salary rule
QSL Doha As part of the Qatar Stars League's (QSL) commitment to enhance communication with clubs and activate partnerships with relevant entities, QSL held an explanatory workshop to present and discuss the new amendments to the regulations that will be implemented starting with the new 2025-2026 sports season. It was attended by Hani Taleb Ballan, CEO of QSL, Hassan Al Mohannadi, member of the QSL's Executive Office representing the Qatar Football Association (QFA), Khalid Al Sulaiti, member of the Executive Committee of QFA, Faisal Al Shaibi, member of QSL's Executive Office representing the club companies, Dr. Ahmed Khellil Abbassi, Executive Director of Competitions and Football Development at QSL, Talal Al Kaabi, Executive Director of National Teams Representatives of First Division and Second Division clubs, Qatar Players Association and relevant and competent authorities were also present. New decisions were discussed and reviewed, marking the beginning of a new phase and set to be implemented starting next season. It is also a strategic step aimed at enhancing the quality of the Qatari league, supporting national teams, and assisting Qatari clubs participating in international tournaments, as followscTracking:> Mechanism for registering foreign players on the 28-player roster The purpose of this decision is to achieve the ideal balance between supporting the national team, supporting Qatari clubs in international competitions and maintaining a strong and competitive league. It is emphasized that clubs are permitted to register up to 10 foreign players on the roster, without being obligated to register the maximum number. Registrations are to be made according to the technical needs and financial capabilities of each club. Abolishing the '40 times salary' rule The purpose of abolishing this rule is to open a free market for local professional players, enable them to move freely and distribute local talent in a natural and fair manner. Furthermore, upon reaching the age of 18, a player may sign his first professional contract only with his primary club until the age of 23. After reaching the age of 23, he is free to choose to remain or sign with any other club for free upon the expiration of his contract, provided that the value of his new contract does not exceed the specified ceiling. Implementing a system to set a ceiling for the annual value of contracts The purpose of this system is to ensure market fairness and avoid contract inflation. Legal action will be taken against any party entering into an irregular contract. The minimum annual contract value is QR240,000, double the previous limit, while the maximum contract value for a local player is QR2.7 million. Regarding international players, the ceiling starts at QR2.7 million for those who have played at least 10 international matches, and reaches QR4.5 million for those who have played more than 50 international matches. During the workshop, several questions and concerns raised by club representatives and attendees were clarified, emphasizing that these new amendments aim to enhance the professional aspects of Qatari football and continue the development process at all levels. Hani Taleb Ballan said, 'This workshop complements the organizational decisions made regarding the regulations, which will come into effect starting with the new 2025-2026 football season. This workshop reflects our commitment at QSL in co-operation with all partners, relevant authorities and clubs, to achieving the highest standards of professionalism and continuing the development process across all elements of the system. 'This will positively impact the technical and organizational levels, as well as our efforts to provide high-quality, competitive, and enjoyable football. 'For my part, I take this opportunity to extend my sincere thanks and appreciation to all those who attended the workshop, and we look forward to continuing our co-operation with everyone to achieve the goals of Qatar professional football.' Dr. Ahmed Khellil Abbasi also spoke, 'First, I would like to extend my sincere thanks and appreciation to all partners and stakeholders, as well as to QFA, clubs and QPA, for their continued co-operation with us as part of our shared endeavour to preserve the successes achieved by professional football in Qatar football, which enhances our aspirations for continued development at all levels. 'We also emphasize that the new decisions that have been taken establish an advanced stage of sustainable growth for professional football in Qatar. This is a strategic step aimed at enhancing the quality of Qatar league, supporting our clubs in their international participation and supporting our national teams in upcoming events and competitions. Therefore, these decisions were taken and approved, representing the beginning of a new phase.'
