QFIB sponsors, the Educational Futures: Innovation & Aspirations Conference hosted by the International School of London

QFIB sponsors the ‘Educational Futures: Innovation & Aspirations’ conference organized by the Alliance for International Education

As part of its commitment to support the development of the educational sector in Qatar, Qatar First Investment Bank (QFIB), Qatar’s independent Islamic investment bank authorized by the QFC Regulatory Authority, sponsors the ‘Educational Futures: Innovation & Aspirations’ conference organized by the Alliance for International Education and hosted by the International School of London in Qatar.

The Alliance for International Education (AIE) was established in 2001 with the mission of advancing education through international and intercultural practices.  Since its establishment AIE has organized 5 biennial world conferences in Geneva, Dusseldorf, Shangai, Istanbul, and Melbourne.  Qatar is the first country in the Arab world to host this conference.

Taking place during the period of 20 -22 October, 2012 the Educational Futures Conference will highlight the latest developments on international education. The conference will bring together around 300 global and local education specialists, who will present initiatives underlining the future of learning. Leading educational institutions in Qatar such as Qatar Foundation, Qatar University, and Supreme Council of Education will be among the participants.

Through its partnership with Injaz, QFIB extended an invitation to educational advisors at local independent schools who support Injaz programs in Qatar.

Emad Mansour, CEO of QFIB, commented, “We are pleased to partner with Injaz in supporting this important conference.  There is no doubt that this is an innovative way to promote intercultural understanding and advance Qatar’s education sector a key pillar of the 2030 National Vision. The conference will provide the right platform for the academic community in Qatar to network and share insights on the latest practices in the educational arena.

QFIB has been a board-member of INJAZ Qatar since 2010 and has played a key role in supporting initiatives that promote and encourage education.

Aysha Al Mudehki, Executive Director, INJAZ Qatar said, “We thank QFIB for offering this opportunity to the academic community in Qatar. Involving the private sector is  essential  to help shape the future generations workforce. Such initiatives will definitely enhance the learning practices at schools. Maintaining a global outlook on key educational concepts, skills and values is important for the development of the educational sector in Qatar.”

Amin Makarem, Managing Director of International School of London added, “Hosting this conference is indeed a proud achievement for us. Our vision is to involve as many local educational institutions as possible to avail the opportunities at the conference.  We thank QFIB for their support and their keen interest in advancing the educational sector in Qatar”.

QFIB’s corporate social responsibility program focuses on education. This includes supporting INJAZ Qatar programs in local independent schools and offering corporate internships for high-school and university students.

QFIB and Kuwait Energy sign strategic investment agreement

QFIB and Kuwait Energy announced today the signing of a USD 150 million strategic investment agreement.

Qatar First Investment Bank (QFIB), Qatar’s first independent Shari’ah compliant investment bank authorized by the QFC Regulatory Authority, and Kuwait Energy, one of the fastest growing independent oil and gas exploration and production companies in the Middle East, announced today the signing of a USD 150 million strategic investment agreement.

The deal is structured in the form of a Convertible Murabaha which will be utilized to support Kuwait Energy’s ongoing expansion and growth plans and facilitate its continuous emergence as a leading independent player in the oil and gas exploration and production sector.

Back in June 2011, QFIB acquired a stake valued at USD 16 million in Kuwait Energy.  Building on its track record of profitability, Kuwait Energy recorded a net profit of US$ 34.8 million in 2011, a year-on-year rise of 59%. The company also registered a 43% rise in average annual growth in daily average production from 2007-2011. Kuwait Energy’s working interest proven and probable reserves at end of 2011 were 235.3 million barrels of oil equivalent and its current production is approximately 17,750 barrels of oil equivalent per day.

Abdulla bin Fahad Al Marri, Chairman of QFIB said, “We are pleased to further fund Kuwait Energy’s growth and expansion plans.  The E&P sector in the MENA region is undergoing a period of unprecedented growth and there is no doubt that Kuwait Energy is well positioned to capitalize on this opportunity. We will continue to work alongside Kuwait Energy’s strong management team and provide all the necessary support to facilitate their emergence as a leading regional independent player.”

Established in 2005, Kuwait Energy is specialized in exploration, development and production of oil and gas assets. The company operates in Egypt, Iraq, Yemen, Oman, Ukraine, Latvia, Russia and Pakistan.

Dr. Manssour Aboukhamseen, Executive Chairman, Kuwait Energy commented, “We thank QFIB for their continuous support. At Kuwait Energy we strive to capitalize on the increase in demand for global energy.  We aim to utilize the funds from QFIB, to further expand the company and grow our position as a leading regional independent exploration and production provider with world class expertise.”

Kuwait Energy manages a diverse portfolio of oil and gas assets and its participation interests range between 15% and 100% depending on the asset type and stage of the project which balances the company’s risk profile

QFIB partners with MEED Qatar Banking Summit

QFIB has announced its support as the Strategic Investment Banking partner of the MEED Qatar Banking Summit 2012

Qatar First Investment Bank (QFIB), Qatar’s independent Islamic investment bank authorized by the QFC Regulatory Authority has announced its support as the Strategic Investment Banking partner of the MEED Qatar Banking Summit 2012. This is the first edition of this prestigious event which will be held in Doha on the 8th and 9th October, 2012.

The summit, supported by Qatar Central Bank, is a two-day event focusing on the new regulatory landscape, the opportunities and challenges  facing the financial sector as it innovates to secure liquidity to accommodate the huge surge of projects and population growth in preparation for Qatar hosting the 2022 FIFA World cup and executing the 2030 national vision.

QFIB CEO Emad Mansour will join the plenary session titled ‘ Examining Local Debt Capital Market Options, Public Private Partnerships (PPPs) and trade finance for mega projects ‘.  The session will highlight the role of export credit agencies and trade finance agencies, assess and analyze risk exposure and confer on the mitigation strategies required for various market options.

Highlighting the significance of the summit, Emad Mansour commented,” QFIB is proud to be the Strategic Investment Banking Partner in the MEED Qatar Banking Summit. By sponsoring this event we aim to actively engage in constructive discussions highlighting the opportunities and challenges facing the Qatari financial sector specifically as it moves into a single regulatory framework.  Qatar enjoys one of the fastest growing economies in the world and the banking sector must seek innovative solutions to secure the funding required for the huge wave of projects as the country prepares to host the 2022 World cup and implement its ambitious 2030 national vision”.

While covering top-line funding strategies for the Qatari banking sector’s corporate, retail and SME financing options, the summit also aims to educate local businesses on effective risk management strategies to ensure sustainability.

QFIB signs agreement towards successful exit of ENPI

QFIB has signed a share purchase agreement with Saudi Printing & Packaging Co. (SPPC) to sell its 71.3% stake in Emirates National Factory for Plastic Industries (ENPI Group)

Qatar First Investment Bank (QFIB), Qatar’s first independent Shari’ah compliant investment bank authorized by the QFC Regulatory Authority (QFCRA), has signed a share purchase agreement with Saudi Printing & Packaging Co. (SPPC) to sell its 71.3% stake in Emirates National Factory for Plastic Industries (ENPI Group), the leading manufacturer of plastic packaging solutions.

QFIB acquired a 71.3% stake in ENPI in July 2009 and since then has played an instrumental role in streamlining the business, institutionalizing operations and expanding its manufacturing base to include Abu Dhabi and Saudi Arabia hence cementing ENPI’s position as leading player in the plastic packaging solutions industry.

In 2011, QFIB facilitated the AED 250 million syndicated Islamic facility arranged by Abu Dhabi Islamic Bank.  The facility was used to expand and strengthen ENPI’s production platform.