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Article: Qatar First Investment Bank acquires a landmark building in Doha.
- Article from:
- Albawaba.com
- Article date:
- November 1, 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)
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Qatar First Investment Bank (QFIB) has acquired a landmark building in a prime location in Doha from Al Jazeerah Islamic Company (AJIC), a Qatar based Shari'ah financial solutions provider 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 QAR 185 million (US$50.7 million). The location of the building is approved by the Qatar Financial Centre Authority (QFCA). The Qatar First Investment ...