Doha, February 15 (QNA) - Estithmar Holding Group (a Qatari public shareholding company) announced the establishment of its fifth group, "Estithmar Capital," in a strategic step aimed at strengthening the company's expansion and diversifying its operating sectors.

In a statement on Sunday, the company explained that the new group will specialize in financial investment management, enhancing institutional governance, and operating within clear frameworks for compliance, regulation, and risk management, reflecting the company's vision for sustainability and responsible, orderly growth.

The establishment of Estithmar Capital supports the company's broader strategy to diversify its financial assets, improve capital efficiency, and standardize governance practices across various markets.

Through a centralized and disciplined approach, the group is expected to improve the performance of investment portfolios, strengthen risk management, and increase transparency levels, while maintaining operational efficiency and adhering to international best practices.

Holding Chief Executive Officer of Estithmar Holding Juan Leon stated that "the establishment of Estithmar Capital represents a strategic step aimed at developing our activities in the banking and financial services sector within an advanced regulatory environment."

He added that the company is launching from Qatar, a global financial hub, with a focus on responsible capital management and achieving long-term value, while expanding its investment activities in the region, based on robust regulatory and supervisory frameworks that support sustainable growth.

For his part, Chairman of Estithmar Holding Moutaz Al Khayyat affirmed that this step aligns with the company's vision of identifying investment opportunities across various sectors and markets, and diversifying its investment portfolios to contribute to better risk management, an approach that has proven successful in positioning Estithmar Holding at the forefront of Qatari companies both within Qatar and internationally.

On another note, Estithmar Holding announced the appointment of Fadi Al Faqih as Group Chief Executive Officer of Estithmar Capital, highlighting his extensive experience in the banking and financial investment sector across the Middle East.

It is worth noting that Estithmar Holding operates through several groups, including the Healthcare Group, the Services Group, the Tourism and Real Estate Development Group, and the Contracting & Industries Group. The company employs over 28,000 employees from more than 100 nationalities, and its operations spanning more than 10 countries. (QNA)