DOHA: QInvest, Qatar’s leading investment bank, has been 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.”
Clive Horwood, Editor of Euromoney, added: “When revenues are up 134 percent in the course of the year and net profit is up eightfold, means 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 percent 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.
