QInvest net profit up 69 percent in third quarter

QInvest, Qatar’s leading investment group and one of the most prominent Islamic financial institutions globally, yesterday announced that its net profit for the third quarter grew 69 % to $33.8m while revenues jumped 37 % to $78.7m.

“We are very encouraged by our performance during the third quarter of 2015. With our commitment to drive growth and innovation across the business, we have continued to source new opportunities, strengthen our brand and deliver positive returns. Whilst we expect on-going market volatility and economic challenges to remain present, we are confident on the outlook for the business. We have an exciting active pipeline of deal flow and a unique market position to leverage investment opportunities across the GCC region and selected markets in Europe, Asia and the US” said Tamim Hamad Al Kawari, CEO of QInvest.
The Investment Banking division maintains a strong asset growth profile on its innovative Islamic structured finance book with transactions across multiple sectors in Europe and Emerging Markets. The advisory team is active on various M&A and Equity Capital Markets transactions, most notably closing the acquisition of a stake in Boyner Retail & Textile Investments (BRTI), the Turkish retail conglomerate, by a Qatari client. QInvest’s sukuk franchise continues to generate international and regional interest in corporate and sovereign issuers, albeit at lower volumes given current market volatility.