State Street and QNB Group announced the formation of a strategic partnership to launch a new custody servicing model in the State of Qatar, aimed at offering competitive solutions and innovative products in asset servicing. The cooperation agreement was signed on the sidelines of the World Economic Forum in Davos, in the presence of H.E. the Minister of Finance, reflecting State Street's expanding presence in the GCC region and supporting QNB Group's continued international growth. The partnership will leverage QNB's strong local market expertise and State Street's global capabilities to enhance service efficiency, expand custody offerings, and support the development of Qatar's capital markets. Both parties confirmed that the partnership represents a strategic step toward strengthening their positions in the asset custody and asset servicing sector, while delivering added value to clients locally and internationally.