QDB Opens Applications for Partial Guarantee Investment Program

Doha, March 25 (QNA) - Qatar Development Bank (QDB) has announced that applications are now open for its Partial Guarantee Investment program via its page on QDB’s website.

The program aims to reduce financial risks, encouraging both individual investors and investment groups to invest in tech startups.

Commenting on the initiative, QDB CEO, Abdulrahman Hesham Al Sowaidi said the Partial Guarantee Investment program aligns with QDB’s vision of building a diversified economy.

"Our goal is to strike a balance between fostering venture capital investments and mitigating the risks that may deter investors from engaging in venture capital activities in Qatar," Al Sowaidi said.

"This program supports the aspirations of the private sector and aligns with the objectives of the Third National Development Strategy, which focuses on sustaining growth, advancing technological sectors, and empowering the private sector," the QDB CEO added.

The program targets individual investors, investment groups, clubs, and local funds interested in investing in Qatari startups. Through its investment arm, QDB will provide partial guarantees to encourage eligible investors to expand their portfolios.

The guarantee is available based on specific eligibility criteria for both companies and investors. Eligible companies must be based in Qatar, ensuring neutrality in the investment process. (QNA)