February 26, 2020 (Doha)
MENAFN has reported that Qatar First Bank (QFB) and its investors have recently exited a Sharia-compliant aviation deal, selling two Boeing 737-900ER aircraft which were on a 7-year long-term sharia-compliant lease contract to Indonesia’s Lion Air.
The article went on to note that the increasing success of the bank’s structured products investment, QFB is looking for additional innovative investment opportunities that also support the bank strategy of offering international co-investment opportunities to not only its clients but the wider Qatari market.
In addition to the aviation exit, the bank announced it had successfully completed its 6th product offerings investment of $117 million for an off-market acquisition of a Bellevue property in Washington, US. This was QFCs 4th US real estate market deal.
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