Lesha Bank LLC has successfully acquired five Boeing 777-300ER aircraft to bolster its focus on aviation and aircraft leasing, marking a significant strategic move in its growth plan.
Information on the Target
Lesha Bank LLC, publicly traded and the first independent Shari’a-compliant bank in Qatar, has successfully acquired five Boeing 777-300ER aircraft currently leased to a prominent airline. This strategic acquisition aligns with the Bank's renewed focus on aviation and aircraft leasing, which aims to enhance its operational portfolio and diversify investment avenues.
The acquisition not only marks a milestone for Lesha Bank but also reflects its commitment to developing a robust expertise in the aviation sector, an area identified as a critical pillar of its growth strategy. The Bank intends to navigate the complexities of the aviation market while adhering to Shari’a-compliant investment principles.
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Industry Overview in Qatar
The aviation industry in Qatar has witnessed remarkable growth driven by increased air travel demand and government support for expanding aviation infrastructure. With Hamad Intern
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Lesha Bank LLC
invested in
Boeing 777-300ER aircraft
in 2023
in a Other Private Equity deal