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QNB Group issued $ 1 billion in bonds with a maturity of five years.
According to CNBC Arabia, the group stated in a statement that this issue comes within the medium-term debt securities program, and is part of the group's efforts to diversify funding sources.
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QNB's profits last year decreased by 16% to reach 12 billion riyals, and the recommendation is to distribute cash dividends of 45% of the capital, totaling 4.2 billion riyals.
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