Al Rayan Investment, a Shariah-compliant investment firm and a wholly-owned subsidiary of Masraf Al Rayan, has advised Qatar First Bank (QFB) on its debut listing on the Qatar Stock Exchange (QSE).
Al Rayan Investment acted as the “sole listing adviser” for QFB, which offers investment opportunities and innovative financial solutions with local, regional and international reach.
The QFB listing is a landmark transaction, which marks several significant milestones such as the first new listing on the QSE in 2016; the first Qatar Financial Center licensed entity to be listed on the QSE; the first private sector entity to be listed on the QSE in six years; and the first bank to be listed on the QSE in nine years.
“This transaction demonstrates not only Al Rayan Investment’s leading position in the Qatari market, but also our strong execution capabilities, tenacity and professionalism for successfully completing strategically important transactions for our clients,” Haithem Katerji, chief investment officer of Al Rayan Investment, said.
“Al Rayan Investment worked closely with us to understand our strategic requirements and goals as well as our shareholders objectives and managed the transaction through an intense process to ensure seamless execution within a short period of time,” Ziad Makkawi, QFB chief executive, said.
Highlighting that QFB’s listing will pave the way for other listings on the QSE, Katerji said Al Rayan Qatar Exchange Traded Fund (ETF), is expected to be launched in the coming months.
Makkawi (left) and Katerji: QFB listing is a landmark transaction.
