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. These MoUs are aimed at exploring potential collaboration opportunities between Lesha Bank and Barwa Real Estate in the investment domain. Additionally, Lesha Bank will… Continue reading Lesha Bank signs two memorandums of understanding (MoU) with Barwa Real Estate
Archives: News
Lesha Bank Completes Acquisition of Bereke Bank in Kazakhstan
Lesha Bank LLC (Public) (“Lesha Bank” or “Bank”) has successfully completed the acquisition of the entire share capital of “Bereke Bank” JSC in Kazakhstan. The share sale and purchase agreement in connection with the transaction was signed on 31 March 2024 between Lesha Bank, as purchaser, and Kazakhstan-based “Baiterek” National Management Holding JSC, as seller. The transaction completed on 8 October 2024. The agreed… Continue reading Lesha Bank Completes Acquisition of Bereke Bank in Kazakhstan
Lesha Bank acted as Joint Lead Manager for QIIB’s Additional Tier 1 US$300 million Sukuk issuance
Reposted from Qatar Stock Exchange (25 September 2024) – QIIB announced the successful issuance of a $300 million Tier 1 capital sukuk, aimed to strengthen its capital position and benefitting from opportunities in the global sukuk market. The Sukuk witnessed great demand from investors, the total order book reached more than eight times the issuance… Continue reading Lesha Bank acted as Joint Lead Manager for QIIB’s Additional Tier 1 US$300 million Sukuk issuance
Lesha Bank acted as Joint Lead Manager for Estithmar Holding’s QAR 500 million Sukuk issuance, the first corporate Sukuk issued in Qatari Riyal
Reposted from Qatar Stock Exchange (27 August 2024) Estithmar Holding QPSC is pleased to announce the successful issuance of a QAR 500 million Sukuk, the first corporate Sukuk denominated in Qatari Riyal. This issuance is the inaugural tranche of its QAR 3.4 billion Sukuk program, which is listed on the London Stock Exchange’s International Securities… Continue reading Lesha Bank acted as Joint Lead Manager for Estithmar Holding’s QAR 500 million Sukuk issuance, the first corporate Sukuk issued in Qatari Riyal
Lesha Bank acquires residential building in the Pearl Qatar
Lesha Bank has completed the acquisition of a residential building located in the Pearl Qatar through a subsidiary of the bank. The transaction value was QAR 48,000,000 (forty-eight million Qatari Riyals).
Lesha Bank Announces Successful Exit from David Morris International Limited
Lesha Bank LLC (Public) (“the Bank” or “Lesha Bank”) has successfully concluded its exit from David Morris International Limited, a premier international luxury jewelry brand, with a transaction that valued the business at GBP 70 million. As a 50% shareholder, Lesha Bank realized exit proceeds of GBP 35 million, representing a profitable return on investment… Continue reading Lesha Bank Announces Successful Exit from David Morris International Limited
Lesha Bank reports a net profit of QAR 54.1 million for the first half of 2024
Lesha Bank LLC (Public) (the “Bank” or “Lesha Bank”) announced its financial results for the half year ended 30 June 2024. The Bank reported a net profit of QAR 54.1 million attributable to the equity holders of the Bank, a 21% growth compared to the corresponding period of last year. During the first half of… Continue reading Lesha Bank reports a net profit of QAR 54.1 million for the first half of 2024
Lesha Bank Appoints Three New Board Members During its Annual Ordinary Meeting
Lesha Bank LLC (Public) (the “Bank” or “Lesha Bank”) convened its Annual Ordinary General Meeting on Tuesday, May 28, 2024, where all agenda items were approved. Chaired by Bank’s Chairman HE Sheikh Faisal bin Thani Al Thani, the meeting took place virtually via Zoom, with attendance from Bank’s board members, shareholders, and senior management team.… Continue reading Lesha Bank Appoints Three New Board Members During its Annual Ordinary Meeting
Lesha Bank acquired the entire share capital of Bereke Bank in the Republic of Kazakhstan
A sale and purchase agreement was entered (On 31 March 2024) into between Lesha Bank and Baiterek NMH JSC for the acquisition of the entire share capital of Bereke Bank in the Republic of Kazakhstan at a price of 65,000,000,000 Kazakh Tenge, which is equivalent to QAR 532,382,681 at the current exchange rate, subject to… Continue reading Lesha Bank acquired the entire share capital of Bereke Bank in the Republic of Kazakhstan
Lesha Bank records net profit of QAR 28.8 million in Q1 2024, reflecting a 30% YoY growth
Lesha Bank LLC (Public) has announced its financial results for the three-month period ending on March 31, 2024 with a net profit of QAR 28.8 million attributable to equity holders of the Bank. It represents a 30.1% increase compared to the corresponding period in the previous year and marks the highest Q1 profit ever recorded… Continue reading Lesha Bank records net profit of QAR 28.8 million in Q1 2024, reflecting a 30% YoY growth
