DOHA: QInvest, Qatar’s leading investment group and one of the most prominent Islamic financial institutions in the world, announced the completion of its debut $200m five year syndicated facility.
The facility is in line with the bank’s funding diversification and capital efficiency plan and was arranged by QInvest’s key regional and international relationship banks, namely Masraf Al Rayan, Al Khaliji France S.A. and Natixis.
Michael Katounas (pictured), Deputy Chief Executive Officer, said: “We are extremely pleased to have successfully completed this transaction. We experienced strong investor appetite which is demonstrative of QInvest’s financial strength and sustainability, coupled with the position we now occupy as a leading Islamic financial institution in the GCC market. This facility marks the first step towards optimising our balance sheet and is supportive of our wider strategy, which is now in its third successive year of growth. We are continuing to see significant opportunities across investment banking, real estate, asset management and private equity, and which offers attractive value creation potential for our shareholders and clients”.
QInvest previously announced that it was named the “Most Innovative Investment Bank from the Middle East” at The Banker magazine’s Investment Banking Awards 2015. Tamim Hamad Al Kawari collected the award on behalf of QInvest at the awards ceremony held at Claridge’s Hotel in London.
The Peninsula
