QInvest, the top investment bank in Qatar and one of the most famous Islamic financial institutions in the world, was recently named the Best Investment Bank in Qatar at the Euromoney Awards for Excellence for the fourth consecutive year.
"2014 was an important year for QInvest,” Nasser Al Mahmoud, QInvest's managing director of strategic relations and CEO of QInvest Saudi Arabia, said. “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 recognized 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."
The fact the bank has won this prestigious award for four years in a row highlights its prominent standing in the region.
"When revenues are up 134 percent in the course of the year and net profit is up eight-fold, you know things are moving in the right direction,” Euromoney Editor Clive Horwood said. “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."