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HomeWorldQatar National Bank says no exposure to Dubai World

Qatar National Bank says no exposure to Dubai World

 Qatar National Bank is the country’s largest lender by market value. (Getty Images)Qatar National Bank, the country’s largest lender by market value, said on Monday it had no exposure to Dubai World or to its property unit Nakheel.

“QNB has no credit facilities or direct investments granted to Dubai World or Nakheel or any related company to Dubai World,” the company said in an email.

Dubai World, one of the emirate’s flagship holding companies, requested a payment standstill on Nov. 25 for $3.52 billion worth of Islamic bonds maturing this month as it looks to restructure $26 billion worth of debt

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