Successful closing of the seventh investment wakala between Investment House and Inovalis Group and the acquisition of an income-generating property in Germany Investment House (distributor) and Inovalis (issuer & manager) announced the completion of the seventh investment wakala and concluded the first acquisition in the beginning of the year 2022 in Germany. Investment House and Inovalis, where the latter has more than 15 years of investment experience in Germany, have demonstrated their ability through this investment to meet the requirements of investors by identifying investment opportunities combined with mitigated risks: high-quality real estate properties, credit-worthy tenants, long-term leases, and dynamic economic environment with positive aspirations. The property is built to meet the highest standards and is strategically located in Wolfsburg, the hometown to Volkswagen, near its plant and headquarters. It was completed in early 2021 and comprises two buildings totaling 9,400 sqm lettable space and 179 parking spaces. The estate essentially includes offices, test laboratory, and cold storage. It is worth mentioning that the property has been fully let for nine years to two well-known suppliers from the automotive industry, iinovis and Cariad. Whereas iinovis is an internationally active engineering service provider, while Cariad is Volkswagen’s growing 100% subsidiary specializing in automotive software and technology. Mr. Khalil Hankash – Managing Director of Inovalis stated that “With this new acquisition, Inovalis pursues investments for one of our Middle Eastern clients, Investment House, and we hope to complete in 2022 the creation of a real estate Shariah compliant pan-European fund with this investor. This new acquisition also confirms the ability of Advenis Germany, present in Germany since 2007, to source off-market quality assets within a dynamic environment.” In his turn, Mr. Mohammed bin Ahmed Al-Suwaidi, Chairman and Managing Director of Investment House, said, “We are continuing our growth strategy, with the aim to remain as the preferred Shariah-compliant investment solutions provider in Doha. In 2022 we will enhance our capabilities in raising and deploying new investments by launching a European Real Estate Fund with our partner Inovalis’’.
National Day Event – 2021 Investment House hosted an event to celebrate Qatar’s National Day over a period of 5 days, at its headquarters in Al Shoumoukh Towers. The event was attended by a large number of the company’s employees, other institution members, and members of the general public. Investment House’s celebrations included a number of activities, such as a trip through Qatar’s historical landmarks and the achievements attained by the country over the past twenty years using virtual reality technology, in addition to a football game in Al Janoub Stadium via virtual reality, along with cultural-related competitions, and various activities for children. The celebrations also featured traditional Qatari seating areas and hospitality. This year’s National Day activities differ from previous editions, emphasizing a sports-themed atmosphere. This shift aligns with the country’s efforts to support and promote sports, especially as Qatar hosts the Arab Cup this year and prepares to host the World Cup next year. It is worth mentioning that several international football players participated in the Investment House event, such as Álvaro Mejía, Ramin Rezaeian, and Ashkan Dejagah who tried out the virtual football game with the audience and took commemorative photos.
Padel training sessions for clients Investment House in collaboration with its regional partner Inovalis, organized a padel training event with the world-renowned French player Jeremy Scatena, who recently participated in the Padel World Championship held in Qatar and is ranked as the best Padel player in France. Simultaneously with the championship held in the country, Investment House organized full-day training sessions to train its clients and educate them on the basics of the game. Investment House’s interest in sports aligns with the company’s approach to raising awareness among citizens and residents about the importance of sports, especially since Qatar is a leading destination for hosting international sports events. It is worth noting that the State of Qatar is one of the first countries in the world to allocate a paid Sports Day. Investment House in collaboration with its regional partner Innovalis, decided to choose Padel sport due to the significant demand this sport has been witnessing among citizens and residents in the State of Qatar.
Qatar International Boat Show Investment House participated as a Silver Sponsor of the eighth edition of the Qatar International Boat Show, which is being held at The Pearl Island from November 16th to 20th this year. The Investment House’s participation in this important event aims to showcase its plans, services, and expertise to its current and potential clients, in addition to its investments in the shipping and maritime transport sector. The company has a distinguished experience in this field, with assets under management for clients estimated at around 700 million Qatari riyals in medium-sized vessels and the international maritime transport sector. Investment House indicated that it is currently studying potential investments in gas and energy transport vessels, and various maritime services. This study aligns with the company’s approach of continuously developing the solutions and services it offers to clients. The company also added that diversifying sources is one of the key pillars of its investment strategy, aligning with the state’s general direction to diversify income sources and contribute to the realization of Qatar’s Vision 2030. It is worth mentioning that Investment House established a special pavilion at the Qatar International Boat Show to welcome clients and community members interested in investing, especially as it provided brief investment awareness sessions and free consultations during the exhibition days. The company stated during the exhibition that it plans to contract with major international companies to bring worldwide expertise in the maritime trade and shipping sector, especially following Qatar’s establishment of one of the largest ports in the world, Hamad International Port, which is set to transform Qatar into an international hub for maritime transport.
Press Conference of Qatar International Boat Show Investment House participated in the press conference of the Qatar International Boat Show in early November this year, as a silver sponsor and one of the main participants in this important event. During the press conference, Mr. Jihed Mehdoui, CEO of Investment House, explained that sponsoring this exceptional exhibition is due to Investment House’s interest in this sector. Since 2019, the company has invested in the maritime shipping and vessel sector, with assets under management for clients reaching 700 million Qatari Riyals. Mr. Mehdoui also spoke about the enormous potential that the State of Qatar possesses in various fields, especially this one, as it enjoys a strategic geographic location and has exceptional infrastructure for ports and recreational facilities, in addition to having one of the highest GDP per capita levels in the world. At the conclusion of his speech, Mr. Mehdoui stated that the Investment House’s role in this exhibition is to provide expertise, services, and Sharia-compliant investment solutions in this sector to interested parties of institutions and individuals.
