QINVEST, Qatar’s leading private investment group, on Tuesday announced that the group has successfully completed his sixth exit of a real estate mezzanine murabaha transaction in the US.
“Our strong governance and risk framework, coupled with our ability to generate compelling cash returns, makes QINVEST the preferred investment partner for clients in Qatar and abroad,” Tamim Hamad Al Kawari, CEO of QINVEST, commented.
This deal brings QINVEST’s total exits to $858 million across 24 transactions and funds with a weighted realised cash internal rate of return (IRR) of 15.5%, according to a statement to Mubasher.
“In response to growing investor demand for more innovative and income-generating financial products, QINVEST has successfully launched the series of its (QINVEST SQN Income Fund),” Al Kawari added.
The fund aims at paying out a net yield of 7% per annum on a monthly basis and has a targeted IRR of between 8% and 9%, with a tenure of 5 years.
It is worth noting the QINVEST’s profits slid 88.7% to QAR 1.7 million for the first quarter of 2018, compared to QAR 15 million in Q1-17.
By the end of Tuesday’s session, QINVEST’s stock went down 0.37% at QAR 121.95.