Tony Lenehan, CEO of Extentia Group, said: "We are excited about the growth opportunities that we are pursuing, not only in existing markets, but in further
sector diversification."
"Qatar's economy is robust and with the focus on economic and energy
sector diversification, the country is firmly on the growth track led by the Qatar National Vision 2030.
"Saudi Telecom benefited from the fact that it's a sukuk, it offered
sector diversification and highly rated.
QIC said this addition to its portfolio provides clients with important geographic and
sector diversification and given its strategic nature, strong downside protection through market cycles.
The strategy will see the group building on its existing real estate investment presence, through
sector diversification, with planned entry in education, healthcare, industrials and value added service provision.
Customer loans were up by 4.3 percent in first half of 2018 compared to the same period last year, while the bank has simultaneously reshaped its balance sheet through
sector diversification to reflect current and future market opportunities.
Many leaders in the GCC (particularly in Saudi Arabia, UAE and Bahrain) have decided that this is no way to run an economy and are taking active measures to slim down -- pushing for more innovation, entrepreneurship and private
sector diversification. Businesses are encouraged to create new jobs, and students are urged to take them or open their own businesses.
Economic
sector diversification is a necessary, but not a sufficient strategy.
'We continued to grow our business, with loans and advances up by 13% in Q1 2018 compared to the same period last year, while simultaneously reshaping our balance sheet through
sector diversification to reflect current and future market opportunities.
The solutions for UK based businesses may therefore rest with geographic and
sector diversification, for example into general industrial services, and accessing that onshore market overseas.
We believe we are well positioned to help our clients achieve their investment objectives through both absolute return and
sector diversification.'