IBQ to increase compensation packages for Qataris

IBQ announced today that compensation packages for its Qataris staff will be increased in line with the Government’s recent decision to increase salaries of all nationals working for the public sector by 60 per cent. 

George Nasra, Managing Director of IBQ said: “As a local bank it is our duty to invest in our national workforce and follow in the wise steps of HH the Emir Sheikh Hamad Bin Khalifa Al Thani and HH the Heir Apparent Sheikh Tamin Bin Hamad Bin Khalifa Al Thani. In 2010, IBQ received commendation from the Ministry of Labour for its sustained efforts in the recruitment, training and retention of Qataris. In its aim to become the Employer of Choice in Qatar, we are committed to extend all the necessary support to every national initiative that helps to develop a productive team of personnel. It is for this reason that we have decided to increase the basic pay and the social allowances of every Qatari working at IBQ by 60 per cent.” 

Qatari staff development tops the agenda of IBQ’s operations. The bank spearheads a series of trainings, seminars and internship programmes for locals, as staff and aspiring university students. IBQ also sponsors, annually, a group of students as part of the IBQ Qatari Scholarship Programme.