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QNB Enhances Customer Experience with Latest NCR Banking Technologies

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QNB Enhances Customer Experience with Latest NCR Banking Technologies STOCK CHOICE | Page 2 Foreign fl ows favour Qatar over Saudi Friday, December 7, 2018 Rabia I 29, 1440 AH STYLISH AND SPACIOUS ROOMS: Page 12 GULF TIMES Thailand-based group opens ‘seaview’ hotel BUSINESS in Doha’s West Bay Qamco shares to start trading on the QSE from December 16 By Santhosh V Perumal Business Reporter atar Aluminium Manufacturing Company (Qam- co), whose QR2.73bn initial public off ering (IPO) Qrecently concluded with a 2.5 times oversubscrip- tion, will start trading on the Qatar Stock Exchange (QSE) from December 16 (Sunday), thus taking the total number of listed entities to 46. The decision to list Qamco on the QSE is based on the approval of the Qatar Financial Markets Authority after the company has fulfi lled all necessary administrative and technical requirements. QNB Group is the fi rst in Qatar to deploy a customer experience strategy powered by the next generation of innovative ATMs and interactive soft ware Highlighting that the Qamco will be listed within the developed by NCR Corporation industrial sector with a symbol QAMC; a QSE spokesman said as usual, price fl oatation will be permitted only for the fi rst day of listing but from the subsequent days price fl uctuation will be 10% up/down as is the case with other listed companies. The industrial sector will thus have 10 constituents. “On the fi rst day of trading, the standard procedures of IPOs will apply. Brokerage companies will be permitted to enter any buy/sell orders for Qamco shares in the pre- QNB enhances customer open session at 8:45 am for the listing morning day only,” the spokesman said, adding the pre-opening session for all other listed companies will remain as business usual at 9.00am. In preparation for trading the company’s shares, Qamco current shareholders’ data will be available to all brokerage experience with latest NCR fi rms eff ective Sunday, December 9 and shareholders will be able to refer to the brokerage fi rms directly to deliver sale and purchase orders. Qamco was legally incorporated on December 3. The company’s authorised and issued capital amounts to QR5.6bn, which is 100% paid up. banking technologies The country’s hydrocarbon bellwether, Qatar Petroleum (QP), had off ered 273.43mn shares of Qamco at QR10.1 (in- he QNB Group is the fi rst with NCR to improve our digital “We are happy to be part of to self-service channels, branch tions to ensure QNB’s ATMs cluding the listing costs of 10 dirhams) and the IPO closed in Qatar to deploy a cus- banking services and ensure our QNB’s transformational journey staff will be able to allocate more remain available to customers for subscription on November 12. Ttomer experience strategy consumers’ self-service banking as they implement NCR’s digital time to serve customers and pro- whenever they want. After the IPO, QP will have a 51% stake (in Qamco) and powered by the next generation of experience remains frictionless innovations to provide superior vide high-value services” QNB Group’s presence through the balance 49% will stay with the public. Of the 49% IPO, innovative ATMs and interactive and exceeds expectations. connected experiences for their NCR’s new interactive teller and its subsidiaries and associate as much as 44% or 245.53mn shares would be allotted for software developed by NCR Cor- “Branches remain critical for customers”. Interactive Enterprise software companies extends to more than individuals and the remaining 5% or 27.9mn shares for se- poration to “off er more self-serv- fi nancial institutions across the QNB Group retail banking gen- assisted-ATMs deliver an omni- 31 countries across three conti- lect institutions. ice banking options and improve world as more complex, high- eral manager Heba al-Tamimi channel banking experience more nents providing a comprehensive Qamco will hold 50% stake in Qatalum, a joint ven- customer experience”. margin products, long-term fi - said, “QNB’s digital branches aligned to tablet and smartphone range of advanced products and ture between QP and Norwegian company Hydro. QP will On the new strategy, Adel Ali nancial planning and other highly will help increase the number of interactions, while ensuring reli- services. transfer its entire 50% stake in Qatalum, QP’s successful al-Malki, general manager (QNB specialised services continue to customers by electronic services able and secure access to cash. The total number of employees downstream venture, to Qamco. Group Information Technology) be managed in-person,” said Wael to facilitate and accelerate their They also deliver a wide exceeds 29,000 operating through In its 2013 strategy, QP had said it was contemplating a said, “Our retail consumers ex- el-Aawar, vice president, NCR banking transactions. In addi- range of deposit and dispense more than 1,200 locations, with series of IPOs for its subsidiaries over the next 10 years, af- pect simple, quick and seamless Banking Services for Middle East tion, through the transfer of nor- options that can handle the an ATM network of more than ter launching the maiden off er of Mesaieed Petrochemicals banking services. We partnered and Africa. mal transactions in the branches highest volumes of transac- 4,300 machines. Holding Company. Oil plunges 4% after Opec delays output decision Opec tentatively agrees oil output Reuters cut, waiting for Russia to commit New York Reuters but also will not be so dire either. In many Oil fell more than 4% in choppy trading yesterday after Opec and Vienna respects it is the middle road, which may be allied exporting countries ended a meeting without announcing a the optimal solution,” said Sharenow, who decision to cut crude output, and prepared to debate the matter the helps manage a $15bn commodities fund at next day. Opec tentatively agreed an oil output cut the $1.77tn US investment management firm. The Organisation of the Petroleum Exporting Countries (Opec) met yesterday but was waiting for a commitment Opec delegates have said the group and its in Vienna to decide production policy in co-ordination with other from non-Opec heavyweight Russia before allies could cut by 1mn bpd if Russia contrib- countries including Russia, Oman and Kazakhstan. deciding the exact volumes for a production uted 150,000 bpd of that reduction. An Opec delegate said the organisation had agreed on a tentative reduction aimed at propping up crude prices, If Russia contributed around 250,000 bpd, deal to cut oil output but had not come up with a final figure. two sources from the group said. the overall cut could exceed 1.3mn bpd. Earlier, Saudi Energy Minister Khalid al-Falih said Opec needed Russian Energy Minister Alexander Novak Novak said yesterday that Russia would find Russia to co-operate, and said a decision was likely by Friday flew home from Vienna earlier for talks with it harder to cut oil output in winter than other evening. President Vladimir Putin in St Petersburg. producers because of the cold weather. “If everybody is not willing to join and contribute equally, we will wait Novak returns to the Austrian capital today Oil prices have crashed as Saudi Arabia, Rus- until they are,” al-Falih said. for discussions among Opec and the group’s sia and the UAE raised output since June after Market watchers had expected a joint cut of 1mn to 1.4mn bpd. allies. The conference of the Organisation of the Petroleum Exporting Countries in Vienna, Trump called for higher production to off set Brent crude futures were down $2.57, or 4.2%, on the day to $58.99 a The price of crude has fallen almost a third Austria yesterday. lower exports from Iran, Opec’s third-largest barrel by 11.41 EST (1641 GMT), off the session low of $58.36. since October but US President Donald producer. US crude futures fell $2.37, or 4.5%, to $50.52 a barrel, bouncing off Trump has demanded the Organisation of the equally, we will wait until they are.” Al-Falih were seeking exemptions from cuts. Russia, Saudi Arabia and the US have been the session low of $50.08 a barrel. Petroleum Exporting Countries make oil even said all options were on the table. “1mn bpd may disappoint many. But should vying for the position of top crude producer The crude benchmarks have slumped about 30% this quarter. cheaper by refraining from output cuts. Possible output cuts by Opec and its allies the cut be from a September or October in recent years. Prices found support briefly after data showed US crude stockpiles “We hope to conclude something by the end ranged from 0.5mn-1.5mn bpd, and 1mn bpd baseline, rather than November, the net The US is not part of any output-limiting declined last week for the first time in 11 weeks. of the day tomorrow (Friday)...We have to was acceptable, he said. impact would be suff icient to limit storage initiative due to its anti-trust legislation and The US became a net exporter of crude and refined products for the get the non-Opec countries on board,” Saudi Opec’s closed-door meeting concluded after builds,” Greg Sharenow, executive vice-pres- fragmented oil industry. first time since at least 1991, data from the US Energy Information Energy Minister Khalid al-Falih told reporters 4-1/2 hours without yielding concrete figures, ident for Pimco, said on the sidelines of the Iranian exports have plummeted after the Administration showed. before the Opec meeting started. “If eve- several delegates said, adding that many Opec meeting. US imposed fresh sanctions on Tehran in rybody is not willing to join and contribute countries including Iran, Libya and Venezuela “It is unlikely to spark a meaningful price rally, November.
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