QInvest, Qatar's leading investment group and one of the most prominent Islamic financial institutions in the world, is pleased to announce the completion of its debut US$ 200 million 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, Deputy Chief Executive Officer,
commented:
"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
optimizing 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. Winning this award is a real accolade for QInvest and testament to its business growth and innovation in the Islamic investment banking sector.