Amwal, Shuaa Capital and QInvest successfully close a QR728m Shari'ah compliant Mezzanine investment vehicle

Notes and media contacts

For more information, please contact:

Angie Dakroury
Head of Corporate Communications
Amwal Q.S.C.
T: +974 452 7503

Al Wa'ab City

Al Wa'ab City is one of the largest privately held real estate projects being developed in the State of Qatar. Stretching over 1.25 million sqm and promoted by Nasser Bin Khaled Holding, this USD 3.2 billion project is the first family-oriented, self-supporting community - a "City" within a city.

Blending Islamic cultural heritage with modern technologies, Al Wa'ab City will offer an exciting mix of residential, commercial, retail and entertainment amenities while providing a pedestrian-friendly environment amidst lush landscaping.

Al Wa'ab City will offer a safe, well maintained environment that will be home to over 8,000 people and will have one of the lowest density ratios of any new major development in the country. The residential component of Al Wa'ab City comprises of 92 palatial Al Lewan Villas, 185 luxurious Hattan Villas, 78 Mezzen Villas, 43 Al Sennyar Town Houses and over 1,450 Azha, S'hayl, Al Y'ah and Merzam apartments.

Al Wa'ab City will incorporate more than 200,000 square meters of commercial accommodation and over 100,000 square meters of retail accommodation including a unique Boutique Mall, the Souq Al Wa'ab.

Founded on the concept that at the heart of every community is a social gathering space, Al Wa'ab City is centered around a vibrant piazza the "Barahat Al Wa'ab®". Stretching over 44,000 sqm, this lively piazza with its lush gardens, water features and shaded structures will feature a 200-room 5-star hotel.

With a vision to develop a prosperous community based on the principles of quality, cultural awareness, sustainability, longevity and growth, Al Wa'ab City promises to provide viable quality solutions to all its residents and an unparalleled destination to its guests.

About Amwal
Founded in 1998, Amwal is the first investment company to be licensed by the Central Bank of Qatar operating in two lines of business; investment banking and asset management. The firm has launched the first investment portfolio and the first mutual fund investing in the Doha Securities Market and underwrote the first non-Qatari Initial Public Offering in the country. Amwal has one of the largest investment teams in Qatar, employing a growing team of talented professionals. The firm benefits from a strong shareholder base comprising of Shuaa Capital, Qatar Foundation, Qatar National Bank, Qatar Navigation and prominent Qatari individual shareholders.

About SHUAA Capital psc:

SHUAA Capital psc maintains a leadership position in Investment Banking, Asset Management, Brokerage, Private Equity, Finance, Principal Investments and Research. Headquartered in Dubai, in the United Arab Emirates, SHUAA Capital has a regional presence with offices in Abu Dhabi, Riyadh, Doha, Cairo, Beirut and Istanbul.

Embedded in the dynamic economic environment of the Gulf Cooperation Council (GCC), SHUAA Capital provides a broad range of financial services to corporations, governments, institutional clients, and high net worth individuals.

Since 1979, SHUAA Capital has played a prominent role in shaping the financial services landscape of the GCC and will continue to be at the vanguard of regional integration into global financial markets.

About QInvest
QInvest is the first and largest Islamic investment bank to be established in Qatar. Licensed by the Qatar Financial Centre Authority in April 2007 with authorized capital of US $1 billion and US $500 million paid-up, QInvest is distinguished by the strength of its shareholder structure, comprised of both institutional and prominent individuals from Qatar and the GCC region. QInvest aims to become a world class investment banking firm offering a broad range of products and services under Sharia'a compliant structures.