DOHA: QInvest, Qatar’s leading investment bank and prominent Islamic financial institution, yesterday unveiled its new strategy to deliver long term sustainable growth.
Streamlining the bank into three divisions; Investment Banking, Principal Investments and Asset Management, the new strategy will focus the business on its core product and service offers. QInvest has also strengthened a number of important operational areas. Complementing the recent strategic restructuring and efficiency initiatives, QInvest will work more closely with its largest shareholder, Qatar Islamic Bank (QIB), to access its unique market presence and network as well as its strong balance sheet.
Tamim Hamad Al Kawari, Chief Executive Officer, QInvest, said: “As investment markets around the world continue to evolve, it is essential that we further develop our strategy to build on our leading regional position and focus the business on the most lucrative market opportunities. We want to ensure we are structured to fully support Qatar and the wider region’s international investment plans as well as ensure we are recognised as the gateway for investors looking to access Qatar’s fast growing dynamic economy”.
Michael Katounas, Head of Investment Banking, QInvest, said: “The QInvest brand is highly respected in its core regional and international markets and the firm continues to deploy capital in support of its clients’ ambitions. We have managed a steady flow of significant transactions over the course of the year including Kingdom Holding’s SR1.5bn acquisition of a stake in 360Buy, Dar Al Arkan’s $450m sukuk, Hassad Food’s acquisition of the majority equity interest in India-based Bush Foods Overseas, Constellation’s acquisition of four French hotel assets totalling $950m and the recent successful $1.25bn sovereign sukuk for the Government of Turkey, which was 6.2 times oversubscribed.
“Looking ahead, we have an exciting pipeline of deal-flow for the remainder of this year and into 2014. QInvest continues to have a strong international presence focused on its areas of expertise in the Mena region and Turkey through its regional network of offices, and in the UK through its strategic partnership with one of London’s leading brokerage firms, to which we remain fully committed.”
Michael added: “Our new strategy builds on the firm’s unique combination of permanent capital, regional execution capabilities through a world class team, and unparalleled reach in Qatar and the region. These factors set us apart from international and local peers”.
QInvest’s Investment Banking team is a trusted advisor to leading Qatari corporates in their outbound activities and serves as a gateway for companies to access Qatar’s international capital flows.
It’s principal investments division pursues opportunities across a broad range of asset classes with the objective of creating value while ensuring principal protection.