From right: Hussain Abdulla, Olivier Holmey (Euromoney Middle East Editor), and Dr. Ataf Ahmed.
DOHA: QINVEST, Qatar’s leading private investment group and one of the region’s most prominent Islamic financial institutions, yesterday announced that it has been named Best Investment Bank in Qatar at the Euromoney Middle East Awards for Excellence.
Commenting on the award, Dr. Ataf Ahmed, Head of Asset Management at QINVEST, said: “We are delighted to receive this prestigious award from Euromoney. It is a testament to the strength and depth of QINVEST’s team and highlights our efforts over the last year to adapt to market challenges while sourcing new investment opportunities. Qatar is undergoing a remarkable transformation to its economy and we are able to take advantage of our unique market position to deliver value for all of our clients and shareholders.”
Dr. Ataf Ahmed said: “We have successfully launched the series of our “QINVEST SQN Income Fund”, where the first and second version of the fund were oversubscribed and the third version expected to close during the third quarter of this year.
“This series offers shareholders and investors a unique opportunity to access income generating assets in developed markets. It aims to pay out a net yield of 7 percent per annum on a monthly basis and has a targeted IRR of between 8 percent and 9 percent, with a tenure of 5 years. In the second half of 2018, QINVEST will unveil new products targeting local investment opportunities in Qatar across sectors including healthcare, industrials, education, and agriculture.”
Hussain Abdulla, Director in the Investment Banking Department at QINVEST, said: “The Investment Banking division continues to advising regional and Qatari institutions and private clients aiming to re-adjust business portfolios to take advantage of evolving market conditions. We have developed a healthy pipeline of transactions and we look forward to building on this position of strength over coming months.”
QINVEST started 2018 with an active investment book and a healthy pipeline of deals. In June, QINVEST announced that it had successfully exited a real estate mezzanine murabaha transaction in the US with a realized IRR in excess of 13 percent, further demonstrating the group’s international network and structuring expertise. This transaction brings QINVEST’s track record of completed exits to $858m across 24 transactions and funds with a weighted realized cash IRR of 15.5 percent.
