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From left: Chris Wright – Euromoney’s Middle East Editor, Nasser Al Mahmoud – QInvest’s Managing Director of Strategic relations, Clive Horwood - Euromoney’s Editor
QInvest, Qatar's leading investment bank and one of the most prominent Islamic financial institutions in the world, is delighted to announce that it was named Best Investment Bank in Qatar at the Euromoney Awards for Excellence 2015. This marks the fourth year in a row that QInvest has received the award, underscoring its leading position in the region.
Nasser Al Mahmoud, QInvest’s Managing Director of Strategic Relations and CEO of QInvest Saudi Arabia, collected the award on behalf of the Bank at the Euromoney Middle East Awards for Excellence, held at the Shangri-La Hotel in Dubai, UAE.
Commenting on the award, Nasser Al Mahmoud said:
“2014 was an important year for QInvest. We continued to successfully deliver on our strategy to support the international development of Qatar and the wider region, acting as a gateway for investors looking to access the country’s fast growing and dynamic market while also nurturing the growth of the global finance industry. We remain committed to providing our clients with world-class investment banking solutions and, as the bank goes from strength to strength, we are proud to have our achievements recognised by Euromoney and its prestigious award for the fourth consecutive year. I would like to extend our deepest gratitude to our shareholders for their continued support and our employees for their hard work.”
Clive Horwood, Editor of Euromoney, added:
“When revenues are up 134% in the course of the year and net profit is up eightfold, you know things are moving in the right direction. QInvest’s three-pronged approach envisages roughly equal contributions from investment banking, principal investments and asset management, but for the moment it’s the investment banking element that is still driving revenues. The bank’s management decided early on to focus on sukuk, and it completed transactions in 2014 worth $3.5 billion, or 20% of the international sukuk market. The client base was far broader than one might expect of a partly state-backed Qatari institution.”
The Euromoney Awards for Excellence recognise financial institutions based on judgments by its team of editors, journalists and researchers, which are analysed in conjunction with their own market knowledge and research before the final decision is made by the editorial committee.
In April 2015, QInvest published its financial results for the first quarter of 2015. It reported strong performance across its three core business lines – Investment Banking, Principal Investments (Real Estate & Investment Management) and Asset Management – with an increase in revenues by 27% and net profit rising 57%. QInvest continues to focus on strengthening its brand to maintain its position as the leading investment bank in Qatar and one of the world’s prominent Islamic financial institutions.
Since the beginning of the year the Bank has been awarded a number of prestigious awards including:
- Global Leadership Awards 2015, Excellence in the International Banking & Finance Sector Islamic
- Global Banking & Finance Awards 2015: Best Islamic Fund Management Company in the Middle East & Qatar, and Best Islamic Asset Management Company in the Middle East & Qatar
- The World Union of Arab Bankers 2015: Best Investment Bank in Qatar
- The Asset Triple A Awards 2015: Best Investment Bank, Sukuk House of the Year and Best Asset Management House of the Year in Qatar; and Best Deal for Luxembourg for QInvest’s role in assisting the Grand Duchy of Luxembourg with its debut €200 million Euro-denominated Sukuk