DBK Expands Partnership with Financial Institutions in Qatar

Development Bank of Kazakhstan JSC participated in a roundtable with representatives of Qatar's business community as part of the state visit of the President of the Republic of Kazakhstan Kassym-Jomart Tokayev to the State of Qatar. The DBK delegation held a series of meetings with financial institutions and signed a memorandum of understanding with the Qatari bank Masraf Al Rayan. The document is aimed at stimulating trade and investment flows between Kazakhstan and Qatar.


«Development Bank continues its work on developing strategic partnerships with foreign financial institutions. Today, we signed a memorandum with the Qatari bank Masraf Al Rayan, which will create new opportunities for businesses to implement joint projects. We are confident that our cooperation will strengthen the economic ties between Kazakhstan and Qatar», commented Marat Yelibayev, Chairman of the Management Board of DBK.

The document was signed during a round table with representatives of the business community in the presence of the President of the Republic of Kazakhstan, Kassym-Jomart Tokayev.

This document outlines the key principles of cooperation between the two parties to achieve the common goal of promoting the establishment and expansion of contacts between companies in Kazakhstan and Qatar, supporting new deals and cooperation between them. Additionally, the document facilitates the exploration of opportunities to support projects jointly implemented by entrepreneurs from both countries through the provision of Islamic financing.

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During the trip, the DBK delegation also held meetings with the Islamic Bank of Qatar, which operates in the areas of retail, corporate, and investment banking operations.

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