Doha, Tuesday 13 April 2010 – QInvest, Qatar’s leading investment bank, has acquired a 40.8% stake in Intercat Hospitality and Butlers Dry Cleaning and Laundry Services (the “Group”), one of the UAE’s leading outsourced business services companies.
QInvest, Qatar’s leading investment bank, has agreed to make a strategic investment in Ambit Group for a 25% stake in the firm, subject to regulatory approval. QInvest’s CEO, Shahzad Shahbaz, will join Ambit’s board.
QInvest and Fortis Bank Nederland today signed a joint venture agreement and each committed US$ 50 million to the QInvest-Fortis Bank Nederland Shipping Fund (the Fund), making it the world’s first Sharia’a compliant ship financing fund.
