Lesha Bank LLC (Public) (“Lesha Bank” or the “Bank”) signed two memorandums of understanding (MoU) with Barwa Real Estate and its subsidiary Waseef, on the second day of Cityscape Qatar 2024.
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These MoUs aim to explore potential collaboration opportunities between Lesha Bank and Barwa Real Estate in the investment domain.
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Additionally, Lesha Bank will collaborate with Waseef to explore opportunities for providing high-quality services in managing and operating the assets within Lesha Bank’s real estate portfolio in Qatar.
Both entities will also work closely to identify opportunities for providing maintenance services for buildings, equipment, and facilities related to Lesha Bank’s real estate assets. This partnership aims to ensure a safe and healthy environment for customers and beneficiaries, aligning with their expectations and maintaining high satisfaction levels.
Commenting on this special milestone, Lesha Bank CEO, Mr. Mohammed Ismail Al Emadi stated, “We are thrilled to collaborate with Barwa Real Estate Group, a leading real estate development company in Qatar and the region. This partnership is set to bring substantial benefits to both firms and to the broader real estate market. It aligns with our commitment to offering a wide range of investment solutions within the real estate sector as we continue to strengthen our presence as a forward-thinking investment institution.”
Engineer Ahmed Mohammad Al Tayeb, GCEO of Barwa Real Estate, added, “This marks a significant moment for both of our institutions. As we continue to position ourselves as a leading real estate company, recognized for strong values, excellence, and sustainable returns, these MoUs allow us to work collaboratively. As partners we aim to explore opportunities for expanding our offerings while ensuring that we continue to deliver innovative products and services tailored to meet the evolving needs of our respective clients that meets global standards.”
Lesha Bank LLC (Public) is the first independent Shari’a-compliant Bank authorized by the Qatar Financial Centre Regulatory Authority (QFCRA) and a listed entity on the Qatar Stock Exchange (QSE: QFBQ).
About Lesha Bank
Lesha Bank formerly known as Qatar First Bank (QFB) is the first independent Shari’a-compliant Bank authorized by the Qatar Financial Center Regulatory Authority (QFCRA), and a listed entity on the Qatar Stock Exchange (QSE: QFBQ). Lesha Bank acts as an investment partner in offering attractive, premium investment opportunities and innovative financial solutions with local, regional, and international reach.
About Barwa Real Estate
The group’s name derives from an important principle in Qatar’s commercial heritage – the concept of a reliable and trustworthy agreement or contract. These values form the core of our corporate personality. A few years before our establishment, Qatar had embarked upon an ambitious and progressive growth strategy based on its wealth of natural, energy-based resources. By 2005 it had achieved unprecedented growth in its economy, indeed a leader in terms of economic growth among countries around the world, and was beginning to be recognized as a key player both as a global energy provider, and as an engine of growth in the Gulf region.
