Lesha Bank announces Shariah PE deal, Saudi CMA license

QATAR: Independent Shariah compliant Lesha Bank announced to the Qatar Stock Exchange that it made an indirect QAR364 million (US$100 million) investment in a secondary PE fund. Its subsidiary, Lesha Capital, also obtained approvals from the Saudi Capital Market Authority (CMA) to conduct advisory activities in the securities business – the first step toward offering its services in the Saudi market.

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