By Abhinav Ramnarayan, IFR
Qatar Islamic Bank is set to raise US$1.5bn in a sukuk issue, and could be the first of many financial institutions to tap this capital market this year. The move follows a jumbo Islamic offering from Qatar last month to raise US$4bn – the biggest ever international sukuk transaction.
İş Gayrimenkul Yatirim Ortakligi A.S (“İş REIT” or the “Company”) has signed a US$ 50 million Murabaha facility with a syndicate of banks from the GCC. The facility carries a tenor of 2 years and a profit rate of LIBOR +250 bps.
Proclad Group Limited (“Proclad”), the world’s leading provider of protective weld cladding to the oil and gas sector, has appointed QInvest, Qatar’s leading investment bank, as its exclusive financial advisor to arrange a multi-tranche syndicated financing for the expansion of its UAE facilities and to fund future projects. The signing ceremony was attended by Mr. Yaseen Jaafar, CEO of Proclad, and Mr. Asar Mashkoor, head of investment banking at QInvest, who signed the agreement on behalf of their respective organizations at Proclad offices.
By Reuters
UBAI, (Reuters) - Qatar launched a $4-billion, dual-tranche sukuk on Wednesday, its first Islamic bond issue in nearly a decade and the largest sukuk deal from the Gulf this year.
By Reuters
Qatar is planning to issue sukuk, for the first time in nearly a decade, as it seeks to take advantage of global demand for safe havens and Sharia-compliant assets amid market uncertainty.
EUROMONEY 2012 Award For Excellence
Qatar’s Leading Investment Bank, QInvest, has been recognized as Qatar’s Best Investment Bank in Euromoney’s 2012 awards for Excellence.
The awards, recognized as the most prestigious in the finance market, were announced at a dinner attended by a consortium of industry professionals in Mina A'Salam Hotel in Dubai, UAE.
QInvest Head of Real Estate Investment and Advisory, Craig Cowie, discussed Qatar’s careful planning for the 2022 FIFA World Cup
QInvest, Qatar’s leading investment bank, participated in the Annual Sharia'a Conference that took place in the Kingdom of Bahrain at the Diplomat Hotel on the 7th and 8th of May 2012.
The Conference was held under the auspices of Central Bank of Bahrain and organized by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), the international organization that formulates standards on accounting, auditing, ethics, governance, and Shari'a for the international Islamic finance industry.
Transaction is one of the largest foreign direct investments in Egypt since the 25 January Revolution
By Sean Cronin, The National Newspaper
Qatar's capital now has more office space than Abu Dhabi. It is best appreciated at night as the gleaming new towers of West Bay are illuminated in futuristic neon outline.
The city's ongoing construction boom has delivered 3.5 million square metres of accommodation for the banks, insurance companies and fund managers that it is bidding to attract. Almost half of this is considered to be grade A office accommodation built to appeal to such potential occupiers.
By Gordon Platt, Global Finance Magazine
The global economic slowdown and regional political turmoil are casting a pall over investment banking in the Middle East. As there's no change in sight, bankers in the region may be in for another challenging year.
Overall investment-banking fees in the Middle East declined to $407 million last year, the lowest since 2004, according to Thomson Reuters. Advisory fees on mergers and acquisitions, which were paid primarily to international banks, fell 37% from 2010. Debt capital market fees slumped by 66%.
EFG Hermes Holding S.A.E and QInvest are pleased to announce they have agreed to explore a potential strategic alliance. The aim is to create a leading investment bank with operations in the Arab world and beyond, comprehensively covering the Middle East, Africa, Turkey, and South and South East Asia.
Qatar’s leading Investment Bank, QInvest, won, exclusively, the Global Finance country award for the World’s Best Investment Bank Award in 2012. The Award ceremony for all winners will take place on October 13, 2012, in Tokyo at The Foreign Correspondents’ Club of Japan. The Awards Ceremony will be conducted concurrent with the October 2012 IMF/World Bank Meetings in Tokyo.
QInvest, Qatar’s leading Investment bank, has acquired 30.5% of Al Nakheel Agriculture and Trading Company W.L.L. and AG Middle East LLC (together the “Group"). Based in Doha, Qatar, the companies specialize in providing landscaping and related maintenance services to governmental, corporate and industrial customers.
This acquisition is the fourth private equity transaction completed by QInvest in the MENA region and is consistent with its strategy to partner with established businesses that are in need for growth capital to achieve their expansion objectives.