Qatar's QFIB buys stake in Turkish retailer

Qatar First Investment Bank (QFIB), has announced the acquisition of a 40 percent stake in Turkish retailer English Home Arabianbusiness reported. The acquisition marks QFIB's first venture into the retail sector and the second in the Turkish market, it said in a statement.

Abdulla Bin Fahad Al Marri, QFIB chairman, said: "This acquisition is our second in Turkey which has recently received an 'investment grade' by Fitch due to its high-performing economy. (continue reading...)