In addition, JP Morgan Chase have added CBQ to the JPM CEEMEA Analyst Focus List and rate it as our top pick within MENA banks space and a preferred name in the broader JPM CEEMEA coverage. These stocks together weigh 1/3rd of the DSM20 index of Qatar exchange and 3 per cent in BGCC200 Index; depositary receipts of CBQ are also listed on London International Exchange. (ticker: CBQS LI). QNB with approximately 12.6bn market cap is the largest of the three, and is the fourth largest GCC bank by assets, while CBQ and DBK have market caps of approximately $3.8bn and $2.3bn respectively. QNB is 50 per cent owned by Qatar Inv Authority (QIA) while CBQ and DBK are 9.1 per cent and 10 per cent owned by QIA.
