ID :
407394
Sun, 05/22/2016 - 19:50
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Qatar First Bank Signs Agreement with JLL

Doha, May 22 (QNA) - Qatar First Bank L.L.C. (QFB) on Sunday announced the signing of an agreement with JLL, in order to offer shareholders and clients the ability to source real estate opportunities based on their specific requirements and budget. Signed at QFBs headquarters in Doha, the agreement provides specialised real estate services to individuals and corporates seeking to add value to their portfolios by owning, occupying and investing in real estate across the world. QFBs Head of Private Banking & Wealth Management, Nizar Ahmadi, said: "QFB, which has recently had a successful listing of its shares on the Qatar Stock Exchange, is continuing to execute on its strategy of shifting from being investment focused to investor focused." Ahmadi added: "By partnering with JLL, and in line with the increased appetite for real estate investments globally, our shareholders, as well as private, corporate and institutional clients have now the opportunity to benefit from JLL's real estate expertise through more than 280 corporate offices that have operations across 80 countries." "This is another milestone for the bank, and we will continue to invest in our Shariah compliant services and products. These, span across our business lines including corporate & institutional banking, private banking & wealth management, treasury & investments, as well as private equity and real estate." Ahmadi concluded. For his part, Executive Director - Alternative Investments at QFB, Scott Strachan, said: "This agreement is in line with our strategy to position QFB as a trusted advisor and gateway for investors who wish to tap into innovative, Shariah-compliant, financial solutions and investment opportunities in local, regional and global markets. " JLLs Director and Joint-Head of Residential for MENA, Will McKintosh, said: "This is an opportunity for both Parties. The result will be a more cohesive and wider range of services for all our clients and a mutual benefit to both QFB and JLL." QFB is one of the first independent Shariah compliant financial institutions regulated by the Qatar Financial Centre Regulatory Authority. Launched in 2009 as an investment bank, QFB has a diversified shareholder base of prominent individuals and institutions from Qatar and the GCC. JLL is the world's second largest publicly traded commercial real estate brokerage firm. It has more than 280 corporate offices, operates in 80 countries. (QNA)

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