QInvest Report on its 2016 Financial Results
February 09,
2017
QInvest, Qatar's announced its results for
2016, which demonstrated another year of
growth and positive performance. Revenues
increased 6% to QAR416 million (US$114
million), operating profits increased 3% to
QAR220 million (US$60 million), and assets
increased by 5% to QAR4,688 million
(US$1,288 million).
Revenues during the year came from across
all three business lines – investment
banking, principal investments and asset
management. They were generated from a
variety of activities including advisory
services, financing activities, private
equity and fund investments, in addition to
fees from discretionary managed accounts.
These revenues were also generated across
multiples geographies, which demonstrated
the diversity and strength of all of the
business lines. QInvest also executed
several deals, advised and co-advised on a
number of landmark transactions, entered new
partnerships and invested in existing and
new assets.
QInvest reported QAR22.5 million (US$6.2
million) in net profits attributed to
shareholders following a prudent
provisioning policy that will enable the
Firm to absorb any unpredictable market
shocks without interruption to its business.
The overall health of the Firm remains
strong with a capital adequacy ratio of 36%
and cash and cash equivalents remaining at
higher levels than 2015, exceeding QAR 687
million (US$189 million).
H.E. Sheikh Jassim Bin Hamad Al Thani,
Chairman of QInvest’s Board of Directors
commented: “The economic uncertainty and
geopolitical changes during 2016 affected
markets across the world. QInvest’s
investments were impacted by this
challenging environment, however, the
de-risking measures we have put in place,
including the setting of higher provision
rates, enabled the Firm to counter-balance
the impact on its portfolio. Our team
continued to implement our strategy, which
we launched three years ago, focusing on
diversification and risk-adjusted returns.
We remain committed to this approach during
2017”.
Tamim Hamad Al-Kawari, Chief Executive
Officer of QInvest, said: “The market
environment during 2016 presented a mix of
challenges which we managed to successfully
navigate and achieve positive operating
performance. We are pleased with the
growth of our revenues and operating profit.
It demonstrated the effectiveness of our
diversification strategy, especially during
the ongoing economic and geopolitical
uncertainty.”
Al-Kawari added: “Looking into 2017, we
started the year with an active book of
funded investments and a healthy pipeline of
deals. We have also been working on
structuring new investment opportunities
across a number of different asset classes,
in particular in the international real
estate market, debt and equity investments,
and funds. We will update the market on
these new investments in due course.”