QInvest, a leading investment bank in Qatar and one of the most prominent Islamic financial institutions globally, has reported revenues QR204 million ($55.9 million) and an operating profit of QR84 million for the fiscal year 2021.

Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber Al Thani, Chairman of QInvest, said: “Global markets have continued to evolve during the unprecedented economic disruption and market volatility brought on by the COVID-19 pandemic. It is testament to the resilience of QInvest, our business, and the adaptability of our strategy, that we not only weathered this challenging macroeconomic environment but emerged in a stronger position. The company’s latest results demonstrate the success of QInvest’s long-term strategy, which aims to deliver consistent value to our shareholders.”

Hussain Abdulla, Co-Chief Executive Officer of QInvest, said: “QInvest’s performance over 2021 reasserts the company’s ability to deliver resilient returns despite financial headwinds across the region and the world. Having repositioned the business to focus on maximizing the value of our shareholder’s equity and providing them with consistent, long-term returns.

“The company successfully captured new and diversified mandates, made several strategic investments and solidified relationships with existing clients, crucial factors that will support the Bank’s performance in 2022 and beyond.”

The past year saw QInvest reinvest in more liquid asset portfolios directly or via funds, and mid-level risk real estate investments where the business has a strong and consistent track record of delivering robust returns with a plan to recycle its long-dated assets.

Hussein Fakhreddine, Co-Chief Executive Officer of QInvest, said: “The past year saw the QInvest team effectively source and execute compelling investment opportunities with low volatility. In addition, our advisory business continued to perform in line with our expectations, advising on several live transactions in Qatar and across the globe.

“Looking ahead, QInvest is in a favourable position, we have a solid pipeline for 2022 and the Bank will continue to pursue opportunities that deliver value to our shareholders and are transformative for our business.” – TradeArabia News Service