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Mideast's Biggest Banks Climb on Plans to Lure Foreign Investors

  • QNB, Emirates NBD plan to raise foreign investor limits
  • Mideast lenders aiming to diversify their investor base
A Qatar national flag flies outside a branch of the Qatar National Bank SAQ (QNB) in Doha, Qatar.
A Qatar national flag flies outside a branch of the Qatar National Bank SAQ (QNB) in Doha, Qatar.Photographer: Gabriela Maj
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Shares of two of the Middle East’s biggest lenders surged Monday after saying they plan to boost foreign ownership limits.

Qatar National Bank jumped 10 percent, the most in more than 12 years, while Dubai’s largest bank Emirates NBD gained 4.5 percent after advancing 14 percent on Sunday.