The logo of Qatar National Bank is seen on its building in Doha, Qatar January 16, 2018. REUTERS/Stringer
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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 Sunday.Qatar National Bank, the region's largest lender by assets, is seeking shareholders' approval to boost non-Qatari ownership to 49 percent from 25 percent, while Emirates NBD wants to raise its limit to 20 percent from 5 percent.Foreign investors currently own about 7 percent of QNB, according to data compiled by Bloomberg.
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