QIA announces investment in Lesha Bank Fund
<p>Doha: Qatar Investment Authority (QIA) announced Thursday its investment in Lesha Bank fund, "Lesha Qatar<br /> Opportunities Fund".</p> <p>In a statement, QIA indicated that the investment is part of its Active Asset Management Initiative, launched in 2024 to establish<br /> partnerships with leading global and local asset managers with GCC expertise. Under the initiative, QIA seed funds…
Doha - Qatar Investment Authority (QIA) made an investment in Lesha Bank's "Lesha Qatar Opportunities Fund" on Thursday, as part of its Active Asset Management Initiative launched in 2024. QIA indicated that the investment aligns with its goal of partnering with leading global and local asset managers with GCC expertise. Through this initiative, QIA seeds managed funds by reallocating shares in QSE-listed companies.
The collaboration with Lesha Bank, the first locally managed fund under the initiative, further demonstrates QIA's commitment to supporting Qatar's competitive local economy. QIA CEO Mohammed Saif Al Sowaidi expressed satisfaction with expanding the Active Asset Management Initiative through this investment, highlighting the partnership's importance in supporting Qatar's financial sector and broadening opportunities for local asset managers.
Lesha Bank CEO Mohammed Ismail Al Emadi viewed the investment as a strong endorsement of the bank's investment philosophy and capabilities, underlining the honor of becoming the first local asset manager in the QIA Active Asset Management Initiative.
Written by urgent.news from The Peninsula Qatar Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- QIA announces investment in Lesha Bank fund gulf-times.com
