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QIB, $1bn real estate funds
- Qatar: Sunday, March 11 - 2007 at 14:45
The Qatar Islamic Bank plans to launch real estate funds worth more than $1bn this year to invest in Britain and Qatar, according to the Middle East Economic Digest. CEO Salah Mohammed Jaidah said three shariah compliant funds worth $824m will invest in Qatar's retail sector and real estate developments, such as The Pearl-Qatar. The bank is also establishing a $192m fund to invest in commercial property in London.
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Jonathan Sheikh-Miller, Deputy EditorSunday, March 11 - 2007 at 14:45 UAE local time (GMT+4)
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This article was updated on Sat Apr 07 2007.
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