The investment bank will be launched with an authorised capital of US$ 1 billion and paid up capital of US$ 500 million. GFH and QIB will each own 15% of the new bank.
The remaining 70% of the equity will be offered by GFH and QIB to their clients. Listing of the bank is planned in the near future in accordance with stock exchange regulations.
The new investment bank will originate and package Sharia-compliant investment opportunities in infrastructure and real estate direct investment, priv