QATAR: Recently-launched Tebyan Asset Management will begin its application to be authorized and regulated by the Qatar Financial Centre Regulatory Authority in the middle of August.
Emad Mansour, CEO of Qatar First Investment Bank, which jointly owns the asset management company with GulfMena Alternative Investments, said the approval is expected be obtained within three months from the date of application.
Launched in May this year, Tebyan Asset Management is currently an initial and temporary offshore establishment.
The company is scheduled to launch its first Islamic mutual fund once approval has been obtained, Mansour said, explaining that the fund will be aimed at providing exposure to the Chinese, Indian and Middle Eastern markets.