Qatar First Bank grows US real estate portfolio by $160 million in 2020

According to an article published by Doha News, Qatar First Bank (QFB), the first independent Shariah-compliant bank authorised by the QFC Regulatory Authority, has purchased an award-winning property in Houston, US.  The article went on to note this is QFB's first purchase in 2021 following a number of transactions in 2020 including a $41 million acquisition of Varsity Brands and a $117 million building in Seattle, Washington.

Sheikh Faisal bin Thani Al Thani was quoted as saying 'In 2021 it’s time to be more proactive. It’s time for QFB to accelerate a bit, and to present more opportunities to the market".

Read the original article on Doha News: Qatar First Bank expands US portfolio with award-winning property