Qatar National Bank (CASE:QNBE) announces a share repurchase program. Under the program, the company will repurchase up to QAR 2,900 million worth of its shares. The program is a part of the evolution of company's disciplined capital distribution and allocation policy.

The company intends to fund its share buyback from its retained earnings and surplus liquid funds available with the company. The repurchases will be executed after obtaining regulatory approvals from the Qatar Central Bank (QCB) and Qatar Financial Markets Authority (QFMA).