Bank Audi LLC Qatar grand opening

The event was held under the patronage of H.E. Mr. Abdullah Bin Hamad Al Attiyah, Deputy Prime Minister - Minister of Energy and Industry. Guests were warmly welcomed by Mr. Raymond Audi, Chairman of Bank Audi, Mr. Fady Amatoury, Board Member and General Manager of Bank Audi Qatar, Mr. Saad El Zein, Deputy General Manager, as well as the Bank's Board members and key executives of Audi Saradar Group in Lebanon, Switzerland, France, Jordan, Syria, Egypt, Sudan, Saudi Arabia and the UAE.

The reception witnessed the presence of a number of officials, namely H.E. Mr. Hassan Al Ghanem, Minister of Justice, and executives of a number of the public sector's economic bodies. H.E. Mr. Hassan Saad, Lebanese Ambassador in Qatar, also attended, along with other ambassadors and members of the diplomatic corps, as well as prominent representatives of the business and banking communities.

Entertainment was provided by renowned Lebanese artist Ghada Shbeir whose enthralling performance fascinated the crowd and underlined the enchanting seaside setting which was worthy of Qatar's description as "the Pearl of the Gulf".

Bank Audi LLC, operating under a license by the Qatar Financial Centre, offers various corporate banking, private banking and capital markets services in the Qatari Market and the GCC area, namely Deposit Taking, Providing and Arranging Credit Facilities, Dealing and Arranging Deals in Investments, Advising on Investments, as well as Providing and Arranging the Provision of Custody Services.

Bank Audi LLC operates with a paid-in capital of $50m, which represents five folds the minimum capital required by the Qatar Financial Centre.

Bank Audi's determination to be present in Qatar, which comes within Audi Saradar Group's dynamic regional expansion policy, is the fruit of the strong relationship that binds Lebanon to Qatar, and of a solid belief in the booming Qatari economy and its growing role as a platform for financial and commercial activities in the Gulf area.

The choice of Qatar as the takeoff point for a new phase of Bank Audi's activities in the Gulf is also due to its financial openness and ambitious vision, as well as to the investment-friendly policies and legislations adopted by the State.

This latest evidence of Bank Audi's regional expansion strategy was made possible by the Group's growing success. Indeed, the latest data confirms its positioning as the first bank in Lebanon according to all banking criteria, currently ranking among the 25 largest banking groups in the Middle East.