close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Qatar FIB acquires two London properties

London Property acquired by Qatar

The two transactions were structured and managed by the bank's strategic investments team

0

September 16, 2012 4:20 by



Qatar First Investment Bank (QFIB) has acquired two properties in centralLondon, The Leinster Inn Hotel at Leinster Square and Westbourne House, Westbourne Grove, the company said in a statement on Sunday.

The purchase was made with a consortium of investors from the Gulf Cooperation Council (GCC) to capitalise on the growing demand for real estate in central London by converting both properties into high-end luxury residential apartments, the statement said. It did not give the value of the purchases.

“Due to the growing global demand for London’s prime residential property sector, these deals presented themselves as an attractive opportunity for QFIB to enter the UK market,” QFIB Chief Executive Emad Mansour said in the statement.

“We are optimistic that once the conversion of the properties is complete, they will be attractive to international buyers who are looking to invest in prime properties which in return will yield substantial returns to our investors.”

The two transactions were structured and managed by the bank’s strategic investments team, the statement said.

Earlier this month, QFIB raised its stake in Al Rifai International Holding, a manufacturer of nuts and snacks in the Middle East and Europe, to 35 percent.

The company plans to list on the Doha stock exchange by November, Mansour said in April. Credit Suisse is advising the company on the plan, sources told Reuters in the same month.

QFIB made a net profit of $25.8 million in 2011, up 20 percent from 2010, according to the company’s website.



0

Leave a Comment