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Qatar First Investment Bank boosts stake in Lebanese nut manufacturer
- Qatar: Wednesday, September 12 - 2012 at 15:38
Qatar First Investment Bank has said it has raised to 35% its equity stake in leading Lebanese nuts manufacturer Al Rifai International Holding, The Daily Star has reported. "Since acquiring a 15% stake in Al Rifai in late December last year, the company has shown positive growth prospects," said CEO of the Islamic bank, Emad Mansour. The nut and coffee producer is currently seeking to increase its local production to a total capacity of 10,000 tonnes a year, matching the capacity of its European plant in Sweden. The financial details of the transaction have not been revealed.
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