QFIB picking up 12% in Dubai real estate firm
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Qatar First Investment Bank (QFIB) is picking up a 12% stake in Dubai-based Nobles Properties and will explore investment avenues in real estate in the country and abroad.
QFIB, a shariah-compliant investment bank regulated by the Qatar Financial Centre Regulatory Authority and Nobles have agreed to enter into a strategic partnership that will focus on evaluating real estate development opportunities in Qatar and within the Mena (Middle East and North Africa) region.
The company will be looking into investing in all types of developments including residential, commercial and retail properties, QFIB chairman Abdullah bin Fahad bin Ghorab al-Marri said.
“We will have two seats on the board of Nobles Properties including a vice-chairman,” al-Marri said.
The company will be looking into investing in all types of developments including residential, commercial and retail properties, QFIB chairman Abdullah bin Fahad bin Ghorab al-Marri said.
“We will have two seats on the board of Nobles Properties including a vice-chairman,” al-Marri said.
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