GFH and QIB to launch investment bank in Qatar
Bahrain-based Gulf Finance House (GFH) and Qatar Islamic Bank (QIB) are to launch Qatar’s first dedicated Islamic investment bank. A formal application for authorisation and a license was submitted last month to the Qatar Financial Centre Regulatory Authority.
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
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