Qatar First Investment Bank (QFIB) is announced to acquire two properties in prime locations in Central London. These are the Leinster Inn Hotel at Leinster Square, and Westbourne House, Westbourne Grove. The acquisition is carried out in association with a consortium of investors from the GCC. The transactions aim to capitalise on the growing demand for real estate in Central London by converting both buildings into high-end luxury residential apartments.
Al Rifai International Holding closed a strategic deal with Doha based Qatar First Investment Bank (QFIB). Arranger and financial advisor on this deal was ProFinance International.
The agreement states that the Qatari bank acquired a 15% stake in the leading manufacturer of nuts, kernels, light snacks and delicacies in the Middle East and Europe. Al Rifai International Holding remains the only Lebanese industrial group that a foreign business entity has ventured in during 2011.
Abu Dhabi Islamic Bank (ADIB) made an announcement that it had closed Dh250 million syndicated Islamic financing deal for Emirates National Factory for Plastic Industries (ENPI).
ENPI is majority owned by Qatar First Investment Bank (QFIB).