Overview
Qannas Investments’ investment objective is to generate value for shareholders by creating a portfolio of opportunistic investments in real estate, debt, and equities (both public and private) in the MENA region, Europe and North America. Qannas has appointed ADCM Ltd. (a wholly owned subsidiary of Abu Dhabi Financial Group) as its investment manager. ADCM’s investment team is based in Abu Dhabi and has experience making investments across the globe.
Investments will be made where there is liquidity requirement or portfolio repositioning on the part of a vendor such that assets become available at a discount to their intrinsic value. The company will aim to acquire such assets and then to dispose of them at a premium to their acquisition cost. It is expected that a majority of the company’s portfolio will continue to be invested in the GCC.
You can access the company’s website here
Research History
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24 Jan 2020 28 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
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12 Oct 2018 1 min read
QuotedData’s investment companies roundup – October 2018
QuotedData’s investment companies roundup – October 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in September Trian Investors 1 is a new fund that will adopt […]
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11 Jul 2018 1 min read
QuotedData’s investment companies roundup – July 2018
QuotedData’s investment companies roundup – July 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2018. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised and returned in June Newcomer to the market, Yew Grove […]
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18 Apr 2018 1 min read
QuotedData’s investment companies roundup – April 2018
QuotedData investment companies roundup – April 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of March 2018. Kindly sponsored by Baillie Gifford. Stock markets have suffered their first meaningful fall for nearly two years. At the quarter end, […]
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18 Jan 2018 2 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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19 Oct 2017 2 min read
Quarterly investment companies roundup – Third quarter 2017
Quarterly investment companies roundup – Third quarter 2017 – Markets moved up a little over the course of the three months ended 30 September 2017. Regionally, emerging markets did well. The pound strengthened a bit relative to the US dollar but was flat against the euro. The oil price rose by more than 20%. In […]
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12 Oct 2017 1 min read
QuotedData investment companies roundup – October 2017
QuotedData investment companies roundup – October 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2017. Kindly sponsored by Baillie Gifford. October Investment Companies Roundup Amongst the top performers, Alternative Liquidity Fund sold its […]
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14 Sep 2017 2 min read
QuotedData investment companies roundup – September 2017
QuotedData investment companies roundup – September 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2017. Kindly sponsored by Baillie Gifford. September Investment Companies Roundup Winners and losers in August Ashmore Global’s […]
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13 Oct 2016 1 min read
QuotedData’s round up of views on the global economy – October 2016
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. october-economic-and-political-roundup
News
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19 Dec 2019 1 min read
QuotedData’s other news 19 December 2019
In QuotedData’s other news 19 December 2019 GCP Student Living hopes to riase £75m from a placing of shares at 186p (a 10.4% premium to the EPRA NAV and a 6.3% discount to the current share price). The money would be used to help fund the purchase of Scape Canalside in Mile End, London. EJF Investments […]
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03 Dec 2019 2 min read
QuotedData’s other news 3 December 2019
In QuotedData’s other news 3 December 2019 – BlackRock Smaller Companies (BRSC) has agreed to issue £20m in senior unsecured GBP denominated fixed rate private placement notes at an annualised coupon of 2.41% with a 25-year bullet maturity. The funding date for the Notes is today, 3rd December 2019 and the notes will be due for […]
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29 Nov 2019 2 min read
Qannas will leave AIM to get its deal done
Qannas will leave AIM to get its deal done – On 3 September 2019, Qannas announced that it was planing to enter into a an agreement to buy a substantial portfolio of assets. It had trading in its shares suspended from AIM while it finalised this. Today, it says that getting the deal done in […]
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03 Sep 2019 2 min read
Qannas shares suspended pending major deal
Qannas shares suspended pending major deal – Qannas has entered into conditional agreements to acquire a substantial portfolio of investment assets from a consortium of third party vendors. The independent directors of Qannas (Chris Ward and Richard Prosser) believe that the deal is a compelling opportunity to significantly enhance and broaden the existing investment portfolio of […]
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29 Jun 2016 1 min read
Qannas publishes accounts for 2015
Qannas has published account for the year ended 31 December 2015 – somewhat ancient history now. Briefly QIL has further committed to five deals: AED 2.9 million ($0.8 million) for the purchase of residential units in a building in Dubai Marina; GBP3.5m ($5 million) in a preferred equity investment in BL Development Limited, the company […]
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03 Dec 2015 1 min read
Qannas completes tender offer
Qannas Investments Limited has announced the results of its tender offer to purchase up to 8,414,968 ordinary shares at a tender price of US$0.95 per ordinary share (approximately US$7.99 million in total). The Company says that that a total of 8,414,968 Ordinary Shares have been tendered and that tenders for up to 10.77% of shareholders’ […]
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17 Nov 2014 1 min read
Qannas investing in new financial services company
QIL : Qannas investing in new financial services company Qannas Investments is spending $20.4m to acquire up to 50% of a new financial services company, Integrated Financial Group. Integrated Financial Group is being set up to acquire First Gulf Financial Services LLC (in the course of being renamed Integrated Securities), which is in the business […]
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07 Nov 2014 1 min read
Qannas investing in Hard Rock Cafes
QIL : Qannas investing in Hard Rock Cafes Qannas Investments is funding the establishment of three Hard Rock cafes in Eastern Europe the first of which is to be located in the Atlas Capital Centar in Podgorica, Montenegro. Qannas is putting up $3m to fund the development. They say the running of the café will sit within […]
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29 Oct 2014 2 min read
Qannas investing in London property
QIL : Qannas investing in London property Qannas Investments, the fund specialising in investments in countries that are members of the GCC (the Gulf Co-operation Council) is investing £11m into a £50m project to refurbish 1 Palace Street. 1 Palace Street is intended to be a luxury residential property with a spa / health center […]
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27 May 2014 1 min read
Qannas Investments : QIL – sale of Marina 101
Qannas Investments has sold its investment in Marina 101 to Sheffield Holdings Limited (which developed it) and will receive proceeds of AED 60.3m ($ 16.4m), making a 51% return on its investment in two years, equivalent to an IRR of 22.8%.
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03 Mar 2014 1 min read
Qannas Investments : QIL – sale
Qannas Investments Limited has announced that it has sold a 29,000 sq ft plot in the Reem Island project, off the coast of Abu Dhabi, for AED22.7m. The plot was bough for AED12.0m in May 2013. One pound = 6.14 UAE Dirhams so the profit on the deal is £1.74m
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03 Feb 2014 2 min read
Qannas Investments : QIL – acquisition and new domicile
Qannas is a small fund investing in private equity situations in the Gulf countries of the Middle East (pictured). It has agreed to a deal, technically a reverse takeover, whereby it will combine with two similar but unlisted limited partnership funds domiciled in Cayman and move its domicile from Jersey to Cayman. There is a […]
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10 Dec 2013 1 min read
Qannas Investments : QIL
Qannas has sold its entire holding of shares in Rak Petroleum for $6.66m (bought for $3.85m). QIL NAV now $0.92.