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.
Jointly managed by QInvest and Fortis Bank Nederland through QF Investment Management, the Fund will soon be opened to third party subscriptions.
Qatari Diar Real Estate Investment Company announced yesterday that it had agreed to purchase the building currently being used as the US embassy located at 24 Grosvenor Square, London, from the US government.
“The agreement is conditional upon the US being able to fully relocate to their new embassy site in Wandsworth,” a Qatari Diar statement said.
“Qatari Diar, and their development advisers Chelsfield, will continue to work closely with the US government to facilitate their move from Grosvenor Square.”
QInvest and Fortis Bank Nederland are in advanced stages of launching a Sharia’a compliant mezzanine Fund targeting financing opportunities in the marine transportation industry.
The Board of Panmure Gordon & Co is pleased to announce that the investment in the Company by QInvest, announced on 21 May 2009, has now received the required regulatory clearances and will complete tomorrow morning when the shares subscribed by QInvest are admitted to AIM.
Key highlights
The following statement is in relation to the media attention connecting QInvest and the Polish shipyards Szczecin and Gdynia.
"QInvest, Qatar’s largest Investment Bank, is a full service investment bank, not an investment fund.
"QInvest is acting as an advisor for clients who are in the process of acquiring these assets. The names of these clients cannot be disclosed due to confidentiality reasons. The transaction is currently at the due diligence stage and pending completion."
The Board of Panmure Gordon is delighted to announce that, following a detailed review of all proposals received, the Company has conditionally raised approximately £23 million before expenses in a Placing with QInvest LLC
(“Qinvest”) of 67,514,813 new ordinary shares (“Ordinary Shares”) in the Company (the “Placing Shares”) at a price of 34 pence per Ordinary Share (the “Placing”).
QInvest, Qatar’s largest investment bank, brought together around 300 executives from 40 countries for a one day event, the Qatar Global Investment Forum.
The forum took place on Tuesday 12th May and the delegates discussed issues such as the next decade in Qatar and what it holds, investment strategies in turbulent markets, real estate investment, the growth job creation strategies and creating a culture off entrepreneurship in the region. The forum was opened by H.E. Sheikh Abdulla Saud Al Thani, Governor of the Central Bank of Qatar.
QInvest, Qatar’s largest investment bank, announced this week that it has completed the hiring of its top team.