Lesha Bank has acquired a 27.5% minority stake in Starlink W.L.L, enhancing its private equity portfolio and expanding its presence in Qatar's booming ICT sector.

Information on the Target

Lesha Bank LLC, a publicly traded entity, has announced the acquisition of a 27.5% minority stake in Starlink W.L.L, a prominent provider of Information and Communication Technology (ICT) services and a retailer of technology products in Qatar. This investment is part of Lesha Bank's strategy to expand its presence in the private equity sector within the region. Founded in 2006, Starlink is well-regarded for its diverse offerings, which include the latest technology products, mobile devices, and accessories.

Starlink W.L.L boasts an omnichannel retail model, operating 19 physical outlets across Qatar and a robust online platform. The company also provides managed services such as IT solutions, installations, maintenance, and contact center support, effectively positioning itself as a market leader in the ICT services space, not only in Qatar but across the Gulf Cooperation Council (GCC) region.

Industry Overview in Qatar

The ICT sector in Qatar is experiencing rapid growth, driven by increasing demand for digital transformation and enhanced connectivity. The Qatari government has made significant investments in technology infra