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QINVEST, Qatar’s leading private investment group and one of the region’s most prominent Islamic financial institutions, yesterday announced the successful exit of a real estate mezzanine murabaha transaction in the US.
The transaction, backed by a diversified portfolio of 108 suburban commercial properties located across the USA, generated a realised IRR in excess of 13 percent and further demonstrates QINVEST’s international network and structuring expertise.
This transaction brings QINVEST’s track record of completed exits to $858m across 24 transactions and funds with a weighted realised cash IRR of 15.5 percent.
Tamim Hamad Al Kawari, CEO of QINVEST, said: “As we rotate our capital towards new investments, we add to our strong track record of realized exits that positions QINVEST as one of the top investment groups in the region. Our strong governance and risk framework, coupled with our ability to generate compelling cash returns, makes QINVEST the preferred investment partner for clients in Qatar and abroad.”
Al Kawari Added: “In response to growing investor demand for more innovative and income-generating financial products, QINVEST has successfully launched the series of its “QINVEST SQN Income Fund”, where the first and second version of the fund were oversubscribed.
This series offers shareholders and investors a unique opportunity to access income generating assets in developed markets. It aims to pay out a net yield of 7 percent per annum on a monthly basis and has a targeted IRR of between 8 percent and 9 percent, with a tenure of 5 years. In the second half of 2018, QINVEST will unveil new products targeting local investment opportunities in Qatar across sectors including healthcare, industrials, education, and agriculture.”
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