Lesha Bank (a public limited liability company) announced its purchase of a non-controlling (minority) stake in Starlink Qatar, which specializes in the field of information and communication technology, and managed services, as part of the private equity strategy to expand its activities and presence in Qatar.
Lescha Bank bought a 27.5 percent stake in Starlink, marking its first deal in 2023.
This new deal aims to enhance the Bank’s activity in the local private equity market, especially as it was concluded after the recent purchases made in the sectors of consumer goods, technology and home electronics, and thus confirms the bank’s strategy to diversify its investment portfolio.
Founded in 2006, Starlink is a retail company specializing in the latest technology products, mobile devices, gadgets and accessories.
