British ambassador to Qatar Jon Wilks has welcomed the investments made by QIIB in the UK, which he said contribute to strengthening economic and banking relationship between the two countries.
He said this after visiting the QIIB headquarters recently, where he was received by Dr Abdulbasit Ahmad al-Shaibei, chief executive officer of the bank.
Wilks expressed confidence that QIIB will continue to strengthen its position in the banking market.
Welcoming Wilks, al-Shaibei emphasised that the economic and banking relations between Qatar and the UK constituted a model for the business sector, wherein, it has been able to successfully contribute and make a difference and consolidate the bilateral relationship.
In the meeting with the British ambassador, the QIIB chief executive officer talked about the strength of the Qatari economy and the high confidence it enjoys regionally and globally, which was strongly reflected on the performance of the Qatari banking sector in general.
The Qatari banking sector, al-Shaibei noted, was able to achieve the highest levels of credit rating and price its financial instruments in international markets at the best known levels.
He also spoke on the role of QIIB as part of the Qatari banking sector and said the bank was able to maintain a “strong financial level that enabled it to gain distinguished reputation, forge numerous partnerships, regionally and internationally, and undertake very successful projects.”
Specifically, al-Shaibei noted the listing of two sukuk by QIIB last year on the London Stock Exchange (LSE) with a value of $300mn and $500mn respectively.