Mubasher: Qatar First Bank (QFB) announced that it has sold a partial stake in a healthcare platform operating in the UAE and Kuwait.
The bank sold 44% of its shares in this investment, according to a press release issued on Tuesday.
“QFB’s successful realisation of its investment shows the Bank’s capability in private equity and its ability to manage profitably exit investments in a difficult economic environment,” said Ziad Makkawi, the CEO of QFB.
“QFB’s strategy focuses on our role as a trusted advisor, a gateway for investors who wish to tap into innovative, Sharia-compliant investment opportunities in local, regional, and global markets. During 2017, we will continue to diversify our portfolio and focus on business services, healthcare, education, and real estate sectors while expanding into new geographical markets regionally and internationally,” he added.
