QInvest, a leading private investment group in Qatar, has posted an increase of 36 per cent revenues for the first quarter to QR102 million ($28 million) and a rise of 34 per cent in net profit to QR37 million.

Tamim Hamad Al-Kawari, chief executive officer of QInvest, said: “2016 started with significant negative market headwinds. I am especially pleased with our ability to deliver growth and profitability in these conditions, which I see as further testament of the sustainability of QInvest’s strategy thought business cycles. The Firm continues to grow and we remain vigilant to ensure new business activities, transactions and most importantly people are fully in line with the Firm’s culture and risk-return framework.”

“Continuing the new phase of our strategy to deliver proprietary transactions not only for our balance sheet but also for clients and shareholders, the first quarter of 2016 saw the successful syndication of our first German retail transaction which generated significant demand in the region and is already yielding returns above the original plan.

“We are currently in the market with a serviced apartment redevelopment project in the City of London and continue to build our pipeline for the rest of the year. We also completed the acquisition of Ergo Portfoy, Munich RE’s Turkish asset management business, adding onshore execution capabilities in a key Islamic finance market,” he added. – TradeArabia News Service