QInvest profits beat last year but lag 2015

GrowthQatar-based investment firm QInvest recorded a net profit equivalent to $9.5 million in the first half of the year, more than the corresponding figure for the whole of 2016. However, the half-year figure was less, on an averaged basis, than in 2015, when the firm recorded a full-year profit of $42 million. The firm, which is involved in investment banking, private equity and asset management, registered a modest rise in overall assets to $1.3 billion, an increase of less than 1% compared with 2016. “We remain prudent in our management of risk and have built up a strong liquidity position and an underleveraged balance sheet while also continuing to invest in key global markets on an opportunistic basis,” said Tamim Hamad Al-Kawari, chief executive. QInvest's achievements in the first half of the year including advising a Qatari firm on a $220 million investment into a Turkish retailer and acting as bookrunner on several sukuk issuances. ©2017 funds global mena

Executive Interviews

EXECUTIVE INTERVIEW: A natural interest in the topic

Mar 08, 2017

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

We’ll launch our first equity fund next year

Dec 08, 2016

Not many banks plant olive trees, but the Bank of Palestine has a social mission. It also has ambitious expansion plans, says chairman Hashim Shawa. He talks to George Mitton.

Roundtables

SOUTH AFRICAN ROUNDTABLE: Spirit of Ubuntu

Mar 08, 2017

The move to a three-day settlement cycle, the appearance of new stock exchanges, and recent rules on hedge funds were discussed by our panel in Cape Town. Chaired by George Mitton.

ROUNDTABLE: Growing pains

Mar 08, 2017

Our panel in Qatar spoke about frustration with regulators, a shortage of listed companies and plans for a new financial city in Doha. Chaired by George Mitton.