|
|
Article: Qatar bank buys building to house HQ.
- Article from:
- TradeArabia (Manama, Bahrain)
- Article date:
- October 27, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Doha
Qatar First Investment Bank (QFIB) has acquired a landmark building in a prime location in Doha from Al Jazeerah Islamic Company (AJIC) to house its corporate headquarters.
The acquisition of the building on Suhaim Bin Hamad Street in Doha's thriving Al Saad area represents QFIB's first real estate investment in Qatar.
Qatar First Investment Bank has also acquired stakes in AJIC from Kuwait based Global Investment House.
The building was acquired from AJIC for an amount of QR185 million ($50.7 million).
The building has more than 11,000 sq m spread over 10 floors, in addition to a mezzanine level and ground ...