Latest news with #LeshaBank
Zawya
16-04-2025
- Business
- Zawya
Lesha Bank 2025 Q1 Net Profit rises by 41% to QAR40.5mln
Lesha Bank LLC (Public) ('Lesha Bank' or the 'Bank') has announced its financial results for the three-month period ended March 31, 2025, reporting a net profit of QAR 40.5 million attributable to the equity holders of the Bank. This reflects a 41% increase compared to the same period last year, primarily driven by its aviation-related investments and strong double-digit growth across most key performance indicators. As a result of strategic capital deployment across high-yield opportunities the Bank's total assets under management (AUM) grew to QAR 10.7 billion, marking 67% year-on-year increase. In parallel, the Bank's total investments rose by 28%, reaching QAR 3.7 billion compared to the same period last year. Total Income net of funding cost stood at QAR 71.6 million representing a 17% growth compared to Q1 last year. The Bank's continued profitability led to total equity rising to QAR 1.33 billion, reflecting a 7% increase compared to the same period last year. Book value per share stood at QAR 1.19, while annualized earnings per share (EPS) reached QAR 0.144. Return on Equity and Returns on Assets increased and stood at 12.09% & 2.34% respectively. The Bank successfully completed several key aviation-related transactions in Q1 2025, including the acquisition of an indirect stake in Edinburgh Airport through an investment in an infrastructure-focused fund. In addition, the Bank strengthened its aviation portfolio with the acquisition of four Airbus A350-1000 aircraft. Notably, Lesha Bank was also recognized among Forbes Middle East's Top 40 Asset Managers for 2025. HE Sheikh Faisal bin Thani Al Thani, Lesha Bank Chairman, commented 'Our overall performance across business operations, investments, transactions, and financial indicators has demonstrated consistent quarter-on-quarter growth. This upward trajectory is fueled by our agile strategies, long-term vision, and steadfast commitment to robust investment principles. The strong Q1 results stand as further testament to how we are effectively capitalizing on favorable market conditions and making bold moves into high-growth sectors' Mohammed Ismail Al Emadi, Lesha Bank CEO, added 'Our first quarter has provided a strong start to 2025, with key investment and financial indicators showing healthy growth and positive momentum. Our renewed focus on aviation-related investments continues to gain traction, reflecting strong client appetite and market acceptance. We remain committed to strategically investing in high-potential markets, sectors, and deals—scaling our portfolio and enhancing value for our shareholders.' The press release and the full set of financial statements are available on its website at Lesha Bank LLC (Public) is the first independent Shari'a-compliant Bank authorized by the QFC Regulatory Authority (QFCRA) and a listed entity on the Qatar Stock Exchange (QSE: QFBQ).
Zawya
28-03-2025
- Business
- Zawya
Lesha Bank acquires an indirect stake in Edinburgh airport
Lesha Bank LLC (Public) ('Lesha Bank' or the 'Bank') recently indirectly acquired a stake in Edinburgh airport, through an investment in an infrastructure-focused investment fund managed by a renowned infrastructure fund manager. This investment aligns with the Bank's strategic focus on resilient asset classes and marks the Bank's entry into the global infrastructure investment market. This acquisition is also a key step forward in Lesha Bank's aviation strategy, following its recent successful acquisition of several aircraft leased to a leading airline. It further reinforces the Bank's commitment to expanding its aviation and infrastructure portfolio, with the investment being structured by way of a Shari'a-compliant financing arrangement. Lesha Bank CEO, Mr. Mohammed Ismail Al Emadi, commented: 'This marks a significant milestone for us as we enter the global infrastructure investment market through investing in Edinburgh airport. As part of our infrastructure investment portfolio, we seek attractive investment opportunities that may drive long-term value. Our recent focus on aviation investments has been met with strong demand from our clients, given the sector's robust growth potential. This strategic collaboration with our business partners reinforces our commitment to delivering value for all stakeholders involved.' 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).
Arab News
27-03-2025
- Business
- Arab News
Qatar's Lesha Bank expands global footprint with $57.65m stake in Edinburgh Airport
JEDDAH: Qatar's Lesha Bank has acquired a 210 million Qatari riyals ($57.65 million) stake in Edinburgh Airport, marking its debut in the global infrastructure investment market. The bank, the first independent Shariah-compliant institution authorized by the Qatar Financial Centre Regulatory Authority, announced that the investment is being managed by a respected infrastructure fund manager. This move aligns with the bank's strategic focus on resilient asset classes and marks a significant step in its global infrastructure investment journey, according to a statement from Lesha Bank. Lesha Bank CEO Mohammed Ismail Al-Emadi described the investment in Edinburgh Airport as a key milestone for the institution. 'As part of our infrastructure investment portfolio, we seek attractive investment opportunities that may drive long-term value. Our recent focus on aviation investments has been met with strong demand from our clients, given the sector's robust growth potential,' he said. The CEO, who has recently been featured in Forbes' list of the top 40 asset managers in the Middle East for 2025, added that the collaboration with their business partners reinforces the bank's commitment to delivering value for all stakeholders involved. The institution also explained that the acquisition marks an important advancement in its aviation strategy following its recent purchase of multiple aircraft leased to a major airline. The acquisition reinforces its commitment to expanding its aviation and infrastructure portfolio, with the investment structured through a Shariah-compliant financing arrangement, the bank, listed on the Qatar Stock Exchange, said in a filing on March 26. Lesha Bank serves as an investment partner, offering premium financial opportunities and innovative solutions with a broad local, regional, and international reach. The institution continues to strengthen its position as a trusted advisor and gateway to opportunities in Qatar, the wider region, and global markets, with a particular focus on the US, Europe, and the MENA region. The organization also offers high-net-worth individuals and corporates a range of innovative, tailor-made Islamic financial products and solutions covering alternative investments focused on real estate and private equity, along with private wealth, asset management, and investment banking advisory. In January, the bank disclosed the interim financial statement for the 12-month period ending Dec. 31, 2024. The financial statements revealed a net profit of 128,165 million in comparison to 94,388 million for the same period of the previous year.
Zawya
27-03-2025
- Business
- Zawya
Qatar's Lesha Bank acquires indirect stake in Edinburgh airport
Qatar - Lesha Bank recently indirectly acquired a stake in Edinburgh airport, through an investment in an infrastructure-focused investment fund managed by a renowned infrastructure fund manager. This investment aligns with the bank's strategic focus on resilient asset classes and marks its entry into the global infrastructure investment market. This acquisition is also a key step forward in Lesha Bank's aviation strategy, following its recent successful acquisition of several aircraft leased to a leading airline. It further reinforces Lesha Bank's commitment to expanding its aviation and infrastructure portfolio, with the investment being structured by way of a Shariah-compliant financing arrangement. Lesha Bank CEO Mohammed Ismail al-Emadi, commented: 'This marks a significant milestone for us as we enter the global infrastructure investment market through investing in Edinburgh airport. 'As part of our infrastructure investment portfolio, we seek attractive investment opportunities that may drive long-term value. Our recent focus on aviation investments has been met with strong demand from our clients, given the sector's robust growth potential. This strategic collaboration with our business partners reinforces our commitment to delivering value for all stakeholders involved.' Lesha Bank LLC (Public) is the first independent Shariah-compliant Bank authorised by the Qatar Financial Centre Regulatory Authority (QFCRA) and a listed entity on the Qatar Stock Exchange. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
Zawya
25-02-2025
- Business
- Zawya
Lesha Bank holds its Annual and Extraordinary General Meeting
Lesha Bank LLC (Public) (the 'Bank' or 'Lesha Bank') held its Annual and Extraordinary General Meeting (meeting') on Monday 24 February 2025 and approved all items listed on its agenda. Chaired by Lesha Bank's Chairman, HE Sheikh Faisal bin Thani Al Thani, the meeting took place at The NED Doha, attended by Lesha Bank's Board members, shareholders, and senior management team. The Annual General Meeting covered key agenda items, including the presentation of the Chairman's report for the financial year ending December 31, 2024, and the 2025 work plan. Additionally, several reports were presented and approved, such as the Shari'a Supervisory Board Report, Audited Financial Statement, External Auditor's Report, Corporate Governance Report (in compliance with QFMA Governance Code for Companies and Legal Entities listed on the Main Market), and Internal Control Over Financial Reporting (ICOFR). Moreover, the meeting approved the Lesha Bank 2024 Annual Report and adopted the Board of Directors' recommendation to distribute cash dividends of QAR 0.05 per share, representing 5% of the nominal value. Major transactions were also approved, and the Board members were discharged from liabilities. Additionally, KPMG was appointed as the Bank's external auditor for the financial year 2025, with their fees duly approved. During the meeting, seven Board members (four independent and three non-independent) were elected in accordance with applicable rules and regulations. Mr. Mohamed Yousef Al Mana, Mr. Meshaal Mohamed Al-Mahmoud, Eisa Mohamad Al-Mohannadi, Mr. Nasser Abdullah Al Misnad, Shaha Company for Investment and Real Estate W.L.L. represented by Mr. Hamad Ali Al Mannai, Azum Real Estate Investment Company represented by Mr. Mohammad Ali Al-Sulaiti, and Shift Company W.L.L. represented by Mr. Abdulrahman Totonji, were elected as new board members. The appointment of the remaining two Board members made by the Bank's Strategic Shareholders in accordance with article 34.2 of the Bank's Articles of Association was ratified during the Annual General Meeting: HE Sheikh Faisal bin Thani Al Thani appointed by Al Zubara Real Estate Investment Company W.L.L. and Mr. Nasser Ali Al Hajri appointed by Broog Trading Company W.L.L. They will serve until the end of the current Board term in February 2028. Following their election, the Board now consists of a total of 9 members. The Bank's Extraordinary General Meeting endorsed proposed changes to the Articles of Association, pending regulatory approval, and authorized the Chairman of the Board to sign the approved amended Articles of Association and make any necessary amendments. HE Sheikh Faisal bin Thani Al Thani, Chairman of Lesha Bank commented: 'The year 2024 reflects our unwavering commitment to strategic expansion, and value creation for our stakeholders. Our achievements stand as a testament to our ability to navigate a dynamic global financial landscape, emphasizing resilience and reinforcing our leadership in Shari'a-compliant investment banking. We remain dedicated to our forward-looking approach by aiming to enhance our wealth management offerings, diversifying our investment portfolio across all business segments, and strengthening our position as a dynamic, client-centric financial institution. I am pleased to work closely with the newly appointed Board, composed of experts in their respective fields, and look forward to guiding and leading Lesha Bank to greater heights.' Lesha Bank LLC (Public) is the first independent Shari'a-compliant Bank authorized by the QFC Regulatory Authority (QFCRA) and a listed entity on the Qatar Stock Exchange (QSE: QFBQ).
