March 25, 2017 12:12 AM ET

Diversified Financial Services

Company Overview of Qatar Development Bank

Company Overview

Qatar Development Bank provides financing services for small and medium size industrial, educational, health, agricultural, and touristic projects in Qatar. It offers long and medium term loans for industrial projects; export and import credit facilities to local industries; and assistance to industrial projects in obtaining loans from other local, regional, or international sources. The company also provides investment opportunities identification services; consultancy services relating to various industrial sectors and activities; and industrial projects evaluation, as well as their implementation, production, and marketing monitoring services. In addition, it offers advisory services, suc...

QDB Building

Grand Hamad Street

Doha,  

Qatar

Founded in 1997

Phone:

974 44596666

Fax:

974 44350433

Key Executives for Qatar Development Bank

Chief Executive Officer and Strategic Planning & Control Director
Business Financing Director
Head of Banking Operations
Head of Internal Audit
Investment & Treasury Director
Compensation as of Fiscal Year 2016.

Qatar Development Bank Key Developments

Qatar Development Bank Partners The Islamic Corporation for the Development of the Private Sector to Facilitate the Development of SME Sector in Qatar

Qatar Development Bank and The Islamic Corporation for the Development of the Private Sector have accomplished the signing of a Memorandum of Understanding recently. QDBs newly inked the deal with ICD, the private sector division of Islamic Development Bank (IDB) Group, represents a joint strategic partnership to explore new ways and prospects to render supports to the Qatari small-and-medium enterprises (SMEs) sector. The partners, as part of the new MoU, have pledged for exchanging knowledge and expertise related to the SME industry in Qatar. There will be establishment of a working group involving the main stakeholders and experts of both the institutions which will be responsible for studying the probability of joint development of an investment and financing vehicle dedicated for the purpose of helping and expanding the Qatari SMEs and business enterprises. As part of the newly signed MoU, the two institutions will carry out preliminary work on concept design, market study, structure and governance, plus potential positioning and product development, among others. The agreement will also facilitate both the entities to realize their individual goals and responsibilities.

Qatar Shell Collaborates with Qatar Development Bank to Sign Agreements with Six New Qatari SMEs

Qatar shell, in collaboration with Qatar Development Bank signed agreements with six new Qatari SMEs, in order to help local small and medium enterprises. Furthermore, four new regional SMEs were awarded with contracts to become the dealer of choice for Pearl GTL, the world's hugest gas- to liquids plant. The six Qatari SMEs that was given contracts are: Cooper Turner WLL, Fouj cafe', Digital Print Center, Inspection Technology (I-Tech), Chubb Fire, and Social Media Solutions.

Qatar Development Bank Launches Direct Equity Investment (Istithmar) to Support Qatari Entrepreneurs and SMEs

Qatar Development Bank (QDB) launched a direct equity investment (Istithmar) to support Qatari entrepreneurs and SMEs. QDB also announced a ‘SME Equity Fund’, the first product under ‘Istithmar’. The ‘SME Equity Fund’ is new initiative and is a first in Qatar. Worth QR365m, the fund is designed to provide valuable investment to innovative start-up companies and SMEs. The initiative will play significant role in developing private sector business opportunities for Qatar. The aim of the fund is to provide the capital needed for Qatari entrepreneurs or start-up owners. The initiative is designed to encourage new and innovative projects that will contribute to the country’s economic diversification, generating value neutral returns that can be re-invested in subsequent funds to help and support the economy. The QR365m would be split into two with a target allocation of 20% for innovative start-ups and 80% for SMEs, although exceptions will be reviewed on a case-by-case basis. The life term of the equity fund is 8-10 years, 5 years for deployment and 3-5 years holding period, Mohammed Al Khater, Executive Director of Investment at QDB, said while speaking on the sidelines of the press meet. During the investment transaction phase, the SME Equity Fund and the candidate company owners (Owners) may agree on a share repurchase option (SRO) to be included as part of the investment documentation such as the Share Purchase Agreement (SPA). The SRO allows the owners to buy back the shares owned by the SME Equity Fund at the time of the fund’s exit at a pre-determined and agreed upon discount from the fair market value (FMV) of the company.

Similar Private Companies By Industry

Company Name Region
Qatar Development Bank Middle East/Africa
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First Leasing Company Middle East/Africa
United Gulf Financial Services Company LLC Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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