Arab Today, arab today qfib raises equity stake in al rifai to 35
Last Updated : GMT 05:35:58
Arab Today, arab today
Arab Today, arab today

QFIB raises equity stake in Al Rifai to 35%

Arab Today, arab today

Arab Today, arab today QFIB raises equity stake in Al Rifai to 35%

Doha - QNA

Qatar First Investment Bank (QFIB), Qatar’s independent Islamic investment bank authorized by QFC Regulatory Authority, has increased its equity stake in Al Rifai International Holding (Al Rifai) to 35%. Al Rifai is the leading manufacturer of nuts and kernels, light snacks and delicacy in the Middle East with operations in Europe. Chief Executive Officer of QFIB Emad Mansour commented, “Since acquiring a 15% stake in Al Rifai late December of last year, the company has shown positive growth prospects. We strongly believe that Al Rifai has the right setup to venture into new markets and diversify its product range. We are very optimistic with our investment in Al Rifai Holding.” Al Rifai’s total wholesale-performance recorded a 63.2% year on year growth during H1 2012. The company’s export-sales also registered a 66% growth for H1 2012, when compared to the same period last year. Since January 2012, the holding company has succeeded in opening 5 new outlets in Lebanon, reaching a total of 50 points of sales. Al Rifai is currently seeking to increase its production capacity in Lebanon to reach 10,000 tons replicating the European state -of- the art plant in order to meet the increase in local and foreign demand. The new factory will open during 2nd quarter of 2013. Chairman and CEO of Al Rifai International Holding Mohamed Al Rifai said: “We strongly welcome the increase of QFIB’s share in Al Rifai. The increased stake by QFIB will enable Al Rifai to effectively manage risks, enhance corporate governance and ultimately facilitate growth. We look forward to continue working alongside QFIB’s team to further enhance the group’s performance and expand its operations.” Late in December 2011, QFIB acquired 15% stake in Al Rifai. The deal marked QFIB’s debut investment venture in the F&B manufacturing industry reiterating the Bank’s prudent investment strategy that focuses on sectorial and geographic diversification.

arabstoday
arabstoday

GMT 18:53 2017 Wednesday ,20 September

Dollar exchange rate stable at major banks

GMT 21:04 2017 Monday ,18 September

Dollar exchange rate stable at major banks

GMT 19:07 2017 Monday ,18 September

Inflation slump to hit in early 2018: ECB

GMT 20:35 2017 Sunday ,17 September

Dollar exchange rate stable at major banks

GMT 05:53 2017 Saturday ,16 September

ECB fines rescued Italian bank 11.2 mln euros

GMT 11:43 2017 Tuesday ,12 September

US sues ex-Deutsche Bank exec for securities fraud
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qfib raises equity stake in al rifai to 35 Arab Today, arab today qfib raises equity stake in al rifai to 35

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qfib raises equity stake in al rifai to 35 Arab Today, arab today qfib raises equity stake in al rifai to 35

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday