Key Takeaways
- • Doha Investment, the dedicated platform managing Qatar Investment Authority's (QIA) domestic asset portfolio, has made a further investment in the Lesha Qatar Equity Fund, according to a Lesha Bank press release.
- • The additional commitment follows QIA's initial investment in the fund in early August, with the two allocations made within a short period.
- • The Lesha Qatar Equity Fund is a Shari'a-compliant, actively managed vehicle investing in a diversified portfolio of Qatari equities, and is open only to qualified investors under QFCRA/QFMA rules.
- • Lesha Bank states it is one of four asset managers appointed under the Active Asset Management Initiative and the only local manager among them.
- • The press release does not disclose the size of Doha Investment's commitment.
Summary
Lesha Bank LLC (Public) announced that Doha Investment has made a further investment in the Lesha Qatar Equity Fund. Doha Investment is the dedicated investment platform established to accelerate Qatar's next phase of economic growth, and it manages the Qatar Investment Authority's portfolio of domestic assets. The commitment is additional to QIA's initial investment in the fund made in early August of the current year. According to Lesha Bank, two successive allocations within a short period reflect institutional confidence in the fund's mandate and in the bank's investment philosophy.
The Lesha Qatar Equities Fund is a Shari'a-compliant segregated portfolio company established under the laws of CIMA. It is an actively managed equity fund that seeks long-term capital growth and income through a diversified portfolio of Shari'a-compliant Qatari equities. The portfolio is managed by an investment team that combines macroeconomic analysis, portfolio construction discipline and company-level research. Investment in the fund is limited to qualified investors under QFCRA and QFMA regulations.
According to the release, the commitment supports Doha Investment's objectives of deepening market liquidity, broadening institutional participation and developing Qatar's capital markets and asset management industry. Lesha Bank says channeling long-term capital through professional asset managers deepens institutional participation in Qatar Stock Exchange-listed companies. Mohammed Ismail Al Emadi, Group CEO of Lesha Bank, said the additional allocation reinforces the bank's commitment to attracting investment into the domestic equity market. He added that Lesha Bank is one of four asset managers appointed under the Active Asset Management Initiative and the only local asset manager among them.
Lesha Bank, a listed entity on the Qatar Stock Exchange (QSE: QFBQ), describes itself as the first independent Shari'a-compliant investment bank authorized by the Qatar Financial Centre Regulatory Authority. The release does not specify the size of the commitment.
The Lesha Qatar Equities Fund is a Shari'a-compliant segregated portfolio company established under the laws of CIMA. It is an actively managed equity fund that seeks long-term capital growth and income through a diversified portfolio of Shari'a-compliant Qatari equities. The portfolio is managed by an investment team that combines macroeconomic analysis, portfolio construction discipline and company-level research. Investment in the fund is limited to qualified investors under QFCRA and QFMA regulations.
According to the release, the commitment supports Doha Investment's objectives of deepening market liquidity, broadening institutional participation and developing Qatar's capital markets and asset management industry. Lesha Bank says channeling long-term capital through professional asset managers deepens institutional participation in Qatar Stock Exchange-listed companies. Mohammed Ismail Al Emadi, Group CEO of Lesha Bank, said the additional allocation reinforces the bank's commitment to attracting investment into the domestic equity market. He added that Lesha Bank is one of four asset managers appointed under the Active Asset Management Initiative and the only local asset manager among them.
Lesha Bank, a listed entity on the Qatar Stock Exchange (QSE: QFBQ), describes itself as the first independent Shari'a-compliant investment bank authorized by the Qatar Financial Centre Regulatory Authority. The release does not specify the size of the commitment.
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