Profits jump 86pc at Qatari investment group QInvest

 
Joseph Millis
QATAR’S largest investment group yesterday reported strong growth, ending the first half of 2015 with revenues up 40 per cent and net profit increasing 86 per cent, compared to the first half of 2014.

All three of QInvest’s revenue-generating business lines – investment bank­ing, principal investments and asset management – continued to cultivate new business. In a statement, QInvest – which owns a 44 per cent stake in Panmure Gordon – said its investment banking division deployed approximately $260m (£167.8m).

In the “asset management division, our clients continue to benefit from the impressive performance and returns. QMAP, QInvest’s pioneering open architecture sharia’a [Islamic law] compliant fund platform, now includes an additional regional equity fund… which has annualised returns of above 22 per cent since launch in 2013”.

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