Founded under the name ANZ Grindlays in Doha in 1956, ibq has been witness to the massive changes in the Qatari economy and has transformed itself over time to continuously meet the needs of both the local and expatriate population.
In the year 2000, the Standard Chartered Group acquired Grindlays, and then in August 2004, ibq was established when the National Bank of Kuwait (NBK) acquired a 20% stake and assumed management responsibilities. In July 2007, NBK increased its share of the bank to 30%. The remaining shares of ibq are privately held.
Mode of Finance
The Bank is 30% owned and managed by the National Bank of Kuwait (NBK).The remaining shares of ibq are privately held
(last updated: 15-December-2009)
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