Qatar First Bank successfully exits CMRC Limited for $31.5mn

Shaikh Faisal Thani al Thani and Abdulrahman Totonji

* With the successful exit from one of its private equity investments, QFB achieved a net internal rate of return of 19% Qatar First Bank (QFB) has announced its “successful exit” of its $31.5mn investment in CMRC Limited, one of its private equity investments in the Middle East. With the successful exit the bank achieved a net IRR (internal rate of return) of 19%. In 2015, QFB acquired an adjusted stake of 13.5% in CMRC Limited, the leading medical rehabilitation center in the Gulf region.