QNB, the country’s leading financial institution, officially signed a partnership agreement worth US$10 million (QR 36,500,000) with the Doha Asian Games Organising Committee announcing QNB as the Official Bank for the 15th Asian Games Doha 2006.
Mr. Abdulla Khaled Al Qahtani, Director General of the Doha Asian Games Organising Committee, and Mr. Ali Sherif Al Emadi, Acting Chief Executive of QNB signed the agreement today in a ceremony held at Khalifa Stadium, the venue that will host the opening ceremony of the Games on 1 December 2006. The ceremony was attended by dignitaries, officials from QNB and DAGOC, as well as media representatives.
The agreement, which makes QNB the “Official Bank of the Games”, is targeted at offering the best possible banking services to the athletes, officials, spectators and media representatives participating in the Doha 2006 Games. It also recognises QNB’s leadership and commitment to Qatar as the country gets set to take centre stage becoming the first country in the Arab World to host such a high-profile sporting event.
The Doha 2006 Games, to be held from the first to 15 December 2006, will welcome thousands of athletes from 45 countries across Asia and tens of thousands of spectators from around the globe.
QNB will unveil a host of initiatives in line with its partnership with DAGOC in the run-up to the Games. On the anvil are new branches, ATMs and an extensive addition to the Merchant Point of Sale (POS) network created to confirm QNB’s dedication to the Games.
Mr. Al Qahtani praised QNB’s role and support for the Games. “The partnership agreement with QNB further strengthens our resolve to make the Doha 2006 Games a memorable event. Today’s ceremony is an addition to the partnership agreements announced before and part of a series of local and international agreements that are currently being finalised”.
Hailing the role of local organisations, he added: “I am glad to see the high level of support from Qatar-based companies for the Games, where local support is one of the key elements of success. QNB has a vast network in place in the country and its expertise will help further add to our success”.
“The Doha 2006 Games represent excellence, teamwork and commitment; these are the same values we aspire to with our partners and our community”.
Talking about the partnership with the 15th Asian Games Doha 2006, Mr. Al Emadi said: “This is indeed a prestigious moment for QNB as it joins hands with DAGOC for this spectacular sporting extravaganza in Qatar. We eagerly look forward to working in co-ordination with DAGOC to ensure the success of the event.”
He added: “We recognise the benefits of this association and this partnership is part of QNB’s commitment to support high profile sporting events hosted in Qatar”.
Mr. Al Emadi said that apart from the recognition of partnering the sporting spectacle, the agreement will also bring with it a vast array of benefits through promoting the games by QNB, the Official Bank of the Doha 2006 Games, using the bank’s extensive network in the country, and also giving it due prominence in the Middle East region as well. This has always been our endeavor at QNB, targeted at developing and improving our services in line with our pledge to offer world-class banking services.”
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