QInvest registers operating profit of QR165 million

QInvest, Qatar’s leading investment bank and one of the most prominent Islamic financial institutions globally, on Wednesday reported QR285.6 million revenues from all business lines and an operating profit of QR165 million for the year 2022.

Hussain Abdulla, Co-Chief Executive Officer of QInvest, said, “Despite the unprecedented economic disruption and market volatility, and the challenging macroeconomic environment, our result proves the resilience of our business model and the adaptability of our strategy. The bank’s latest results demonstrated a 40% Year-on-Year increase in revenues and 96% Year-on-Year rise in operating profit; thanks to the positive performance by all our business lines and the success of QInvest’s strategy, which aims to deliver consistent value.”

Last year QInvest team of investment banking professionals effectively sourced and executed compelling investment opportunities with low volatility resulting in a significant increase in net profit compared to 2021.

In addition, the bank’s advisory business continued to perform in line with the expectations, advising on several live transactions in Qatar and across the markets in which QInvest operate. QInvest is in a favorable position, that qualifies it for further growth in the years to come, especially with laying the foundations of a resilient strategy and development plan for the year 2023, and in continuing to pursue opportunities that deliver value to shareholders and are transformative for the business.

During 2022, QINVEST reinvested in more liquid asset portfolios directly or via funds, and mid-level risk real estate investments where the business has a strong and consistent track record of delivering robust returns with a plan to recycle its long dated assets.