Senior executives at QFIB to join plenary sessions on M&A and private equity

QFIB has partnered with Gulf Financial Conferences as the gold sponsor for two key conferences “Finance & Investment Qatar’ and ‘M&A, Corporate Finance & Advisory MENA’

Qatar First Investment Bank (QFIB), Qatar’s first independent Shari’ah compliant bank authorized by the QFC regulatory authority, has partnered with Gulf Financial Conferences as the gold sponsor for two key conferences “Finance & Investment Qatar’ and ‘M&A, Corporate Finance & Advisory MENA’, both will be held on 21st and 22nd January respectively, at the Al Sharq Village and Spa.

The Finance & Investment Qatar conference will see Ihab Asali, Head of Private Equity at QFIB joining two sessions.  The first session entitled “Investment opportunities within Qatar from a global perspective” will examine how Qatar is perceived by foreign investors and the investment opportunities available.  The session will highlight the required measures to upgrade Qatar to Emerging Market status.

In the second session, Ihab will join other leading financial experts to highlight the challenges Qatar’s private sector and non-government companies face to raise capital.  The session will explore sources of financing available to family and private sector companies including sukuk as an option, the ability of banks to meets demands of private sector clients as well as the assessment for growth of private sector business.

Concurrently, Shadi Zubeidi, Managing Director, Head of Corporate Finance, QFIB will spearhead a panel at the ‘M&A, Corporate Finance & Advisory MENA’ conference that will  cross check mid-market deals that continue to drive intra-regional and inter-regional M&A activity.  The panelists will also discuss deal-flow and structuring, financing options for family businesses and private equity-driven M&As, investment opportunities including those in the Levant and North Africa as well as explore the associated risks for Gulf investors.

QFIB is an active participant in such leading platforms that actively encourage dialogue and help to build constructive discussions on the opportunities and challenges facing the financial sector both in Qatar and globally.

QFIB successfully exits ENPI

QFIB and SPPC announced the successful completion of the Emirates National Factory of Plastic Industries (ENPI Group) deal

Qatar First Investment Bank (QFIB),Qatar’s first independent Shari’ah compliant investment bank authorized by the QFC Regulatory Authority (QFCRA) and Saudi Printing & Packaging Co. (SPPC) announced the successful completion of the Emirates National Factory of Plastic Industries (ENPI Group) deal. QFIB’s 71.3% stake, a majority share in ENPI, was sold to SPPC, a publically traded Saudi firm specialized in providing printing packaging solutions. ENPI Group is the leading producer of flexible and rigid plastic packaging solutions having strong manufacturing base including 8 factories in Sharjah, Abu Dhabi and Riyadh.

The acquisition was announced at a closing ceremony held at Saudi Research & Marketing Group’s headquarters in Riyadh. The ceremony was attended by HRH Prince Fasial bin Salaman bin Abdulaziz and a number of high ranking officials from KSA, Qatar and UAE.

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

QFIB chairman, Abdulla Bin Fahad Al Marri commented “QFIB’ business strategy focuses on investing in companies that demonstrate positive growth potential.  ENPI had such capabilities.  During our holding period, ENPI managed to successfully grow and expand where its revenue has more than doubled since our acquisition.  We are pleased with the successful exit of ENPI which has generated for the Bank an IRR of 31%.

Emad Mansour, CEO of QFIB commented: “ENPI represents the typical size and sector that we target in our investment strategy.  From the outset we worked closely with ENPI’s management team to effectively implement strategic growth plans and streamline the company’s operations. Our successful exit of ENPI is a testament to our ability to grow our portfolio companies, in-spite of difficult market conditions, while generating sound returns for our investors. We would like to thank Nizar Rajoub, ENPI’s Founder and CEO, for his unwavering commitment to growing the business and establishing ENPI as a regional player in the plastic conversion manufacturing sector.”

Nizar Rajoub, Founder and CEO of ENPI commented “We thank QFIB for their valuable expertise and insight during this important phase of ENPI group’s business cycle. QFIB shared our vision and strongly believed in the company’s growth potential.  QFIB played a critical role in helping ENPI build the foundations for the next phase of our growth. We are looking forward to working with SPPC to further cement the position of ENPI Group as a leading provider of plastic packaging solutions.