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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
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For enquiries:
Bassel Hanbali - Head of Marketing, Corporate Communications & Investor Relations
QInvest
Tel: +97466542099
Email: bassel.hanbali@qinvest.com
QInvest
QInvest is Qatar's leading investment bank with operations across the Middle East, Africa and Europe, and one of the most prominent Islamic financial institutions in the world. QInvest has built world class investment and advisory capabilities, with the highest standards of governance and transparency underpinning its client-focused approach. The firm's priority is to deliver high-value propositions, considered solutions and tangible results for its clients and shareholders.
The firm has offices in Doha, Riyadh and Istanbul, as well as affiliates in India and the UK. Its team of investment professionals is the largest in the MENA region and provides a blend of broad international experience, deep regional knowledge and unparalleled relationships in Qatar. This reach and range of skills uniquely position the firm to facilitate the flow of business between Qatar, the region and global markets, making it a key institution in Qatar's international investment plans.
QInvest's three business divisions are Asset Management, Investment Banking and Principal Investments. It has unrivalled expertise in structuring Islamic products and provides clients with Sharia'a compliant solutions quickly and competitively.
QInvest was licensed by the Qatar Financial Centre Authority in April 2007 and is authorised by the Qatar Financial Centre Regulatory Authority. QInvest's shareholders include Qatar Islamic Bank, other institutional investors, as well as high-net-worth individuals. The firm has authorized capital of US$ 1 billion and paid up capital of US$ 750 million.
For further information, please visit www.qinvest.com
© Press Release 2015
