Lesha Bank, Qatar’s first independent Shari’a-compliant Bank, has inked two Memorandums of Understanding (MoUs) with Barwa Real Estate and its subsidiary Waseef.
The MoU was signed during Cityscape Qatar 2024, a flagship real estate and infrastructure event in the region. The agreement aims to explore potential collaboration opportunities in investment between Lesha Bank and Barwa Real Estate.
In addition to this, Lesha Bank will collaborate with Waseef to explore opportunities for delivering top-tier services in managing and operating the assets within the Bank’s real estate portfolio in the region.
Both parties will also work closely to uncover opportunities to provide maintenance services for buildings, equipment, and facilities related to Lesha Bank’s real estate assets.
This partnership seeks to ensure a safe and healthy environment for customers and beneficiaries, in line with their expectations and maintaining high levels of satisfaction.
Mohammed Ismail Al Emadi CEO – Lesha Bank
“We are thrilled to collaborate with Barwa Real Estate Group, a leading real estate development company in Qatar and the region. This partnership is set to bring substantial benefits to both firms and to the broader real estate market. It aligns with our commitment to offering a wide range of investment solutions within the real estate sector as we continue to strengthen our presence as a forward-thinking investment institution.”
Engineer Ahmed Mohammad Al Tayeb, GCEO of Barwa Real Estate, stated that, “This marks a significant moment for both of our institutions. As we continue to position ourselves as a leading real estate company, recognized for strong values, excellence, and sustainable returns, these MoUs allow us to work collaboratively. As partners we aim to explore opportunities for expanding our offerings while ensuring that we continue to deliver innovative products and services tailored to meet the evolving needs of our respective clients that meet global standards.”
