Intercat head promises innovative and creative services for Qatar
Doha, Qatar - Tuesday, June 7th 2011 [ME NewsWire]
Intercat Hospitality, with the help of its strategic partner QInvest, has been making strides towards its expansion plans in Qatar and the GCC.
“Ever since the partnership was announced last year, QInvest has been fundamental in helping us sharpen our expansion strategy, operating discipline and internal processes,” said Mr. George Ghaleb Farha - Chairman of Intercat. “Bringing an investor of their caliber has helped us institutionalize our family-owned business and allowed us to realize our expansion ambitions. We have also partnered with Sheikh AbdelRahman bin Ali Al Turki, a leading businessman from Saudi Arabia, who has provided us with valuable guidance with respect to our expansion into the Saudi Market.”
Intercat was founded in 1992 in Dubai at the very beginning of the city’s emergence as a regional hub for business, trade and tourism. The company specializes in institutional catering and laundry services. The Company’s shareholding is comprised of the Farha family, QInvest from Qatar and Sheikh AbdelRahman bin Ali Al Turki from Saudi Arabia.
The company brings nearly two decades of experience in the field to the Qatari market, where it also plans to expand its highly successful catering and laundry services as well as introduce its restaurant formats.
“In addition to the services we provide, Intercat is also launching a corporate social responsibility initiative, whereby we would sponsor the university education of a number of Qatari students, and develop them in the areas that the company operates in. Upon graduation, we will hire them and train them so that they are prepared to lead the company in Qatar,” continued Mr. George Farha.“We are dedicated to the development of local talent as we are to the expansion of Intercat.”
Intercat will also develop nutrition programs for staff in the education, military, and energy sectors. The proposed strategy aims to raise nutritional awareness while providing better quality meal offerings to its diverse client base.
With the help of QInvest, Intercat has also been studying opportunities offered to the company in other markets.
“Our focus right now is on three core markets in the region – Qatar, UAE, and Saudi Arabia,” explained George Farha. “We believe that these markets are underserved and as a result meet Intercat’s expansion and development goals for the next few years.”
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About QInvest
QInvest was licensed by the Qatar Financial Centre Authority in April 2007 and is authorised by the Qatar Financial Centre Regulatory Authority. The firm has authorized capital of USD 1 billion and paid up capital of USD 750 million.
Led by Chairman H.E. Sheikh Jassim Bin Hamad Bin Jabr Al Thani, and Chief Executive Officer Shahzad Shahbaz, QInvest has created a world class investment banking capability operating under Sharia’a compliant structures, with the highest standards of governance and transparency.
The QInvest shareholder structure includes Qatar Islamic Bank and other institutional investors, as well as prominent high net worth individuals from across the region. The platform offers a broad range of expertise which enables QInvest to deliver a high value service to clients, seamlessly covering advisory, financing and investment needs.
QInvest’s business lines include investment banking, investment management, brokerage, and wealth management, with dedicated origination and placement teams.
With over 130 staff, including 65 front office professionals, QInvest’s talented team of investment bankers brings a valuable mix of both international experience and regional knowledge, enabling the Firm to pursue opportunities across its chosen markets of the Middle East, Africa, Turkey, South Asia and South-East Asia.
Extending beyond this geographic focus, the firm also pursues opportunistic transactions globally where it identifies high value propositions for clients.
www.qinvest.com
About Intercat
Intercat is all about great food and great service - and all about listening to what our clients and customers want. It's about making people feel cared for and looked after. Because we believe service is an honourable profession.
For the last two decades, Intercat has been one of the most respected and trusted names in the Gulf. From our beginnings in catering in the UAE, we have grown and diversified and now we are home to well-known restaurant brands as well as a prestigious banqueting service, Raffiné.
We are successful for one very simple reason; because we value our reputation for quality and service. So... we work hard to build long term relationships with our clients. We listen to their needs. We work our hardest to meet them. We deliver on our promises. We value our people and the communities that we serve.
It's that simple and it is what we love to do.
http://www.intercat.ae/
Contacts
QInvest
Bassel Hanbali
Head of Marketing & Corporate Communications
+974 66542099
bassel.hanbali@qinvest.com
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