QIIB GAINS FOOTHOLD IN MOROCCO

Qatar Today - - BUSINESS -

Qatar In­ter­na­tional Is­lamic Bank has signed a joint ven­ture agree­ment with CIH Bank SA (Crédit Im­mo­bilier et Hôte­lier), a Moroc­can bank, for the es­tab­lish­ment of a bank in the King­dom of Morocco in line with its fo­cus on pur­su­ing over­seas op­por­tu­ni­ties and di­ver­si­fy­ing its port­fo­lio in­vest­ments. Un­der the agree­ment, QIIB will have 40% stake in the pro­posed bank in Morocco.

Newspapers in English

Newspapers from Qatar

© PressReader. All rights reserved.