Estithmar Holding Q.P.S.C., listed on the Qatar Stock Exchange, has signed an agreement to invest in Shahba Bank through its subsidiary Estithmar Capital. Under the deal, concluded this morning in Damascus, Masaref Holding, a subsidiary of Estithmar Capital, takes a 49% stake in Shahba Bank, marking a further step in Estithmar Holding’s regional expansion and deepening exposure to the financial services sector.
Estithmar Capital was established with a clear and deliberate purpose: to build a serious, well-governed financial services group from a foundation of institutional discipline. As the dedicated financial services arm of its parent Group, we bring together the capital, governance infrastructure, and strategic oversight required to acquire and grow regulated financial institutions across multiple sectors. financial services arm of its parent Group, we bring together the capital, governance infrastructure, and strategic oversight required to acquire and grow regulated financial institutions across multiple sectors.
We are at the beginning of a long-term journey. What defines us at this stage is not the scale of what we have built, but the standards to which we are building it.
“The financial services industry carries obligations that go beyond capital returns. It carries a responsibility to the institutions it owns, the clients it serves, and the communities in which it operates. Estithmar Capital was founded on the belief that these obligations are not constraints — they are the conditions for building something that lasts. We intend to meet them.”
Estithmar Capital was established in February 2026 as the dedicated financial services group of Estithmar Holding Q.P.S.C., a publicly listed Qatari company and part of the Power International Holding group, one of Qatar's most significant private conglomerates. Estithmar Holding operates across healthcare, services, tourism and real estate development, and contracting and industries, with more than 28,000 professionals.
The creation of Estithmar Capital marks a deliberate expansion of Estithmar Holding's portfolio into the financial services sector — one grounded in the same principles of governance, operational discipline, and long-term value creation that have positioned both Estithmar Holding and Power International Holding among the leading business groups in Qatar and the region.
Estithmar Capital is led by Fadi Al Faqih as Group Chief Executive Officer, who brings more than 25 years of experience in banking and financial investment across the Middle East.
Estithmar Capital is a financial services group established to acquire, invest in, and provide active governance and oversight of regulated financial institutions. We operate as a responsible institutional owner — with the governance frameworks, capital discipline, and accountability structures to manage regulated businesses to the standard they require.
We enforce rigorous governance frameworks across our portfolio, ensuring transparency, regulatory compliance, and structural integrity at every level of every institution we oversee.
We allocate capital with precision, evaluating opportunities not just on potential returns, but on systemic viability and alignment with long-term strategic goals.
We build institutions designed to endure economic cycles, prioritizing sustainable growth and market resilience over short-term fluctuations.
Estithmar Holding Q.P.S.C., listed on the Qatar Stock Exchange, has signed an agreement to invest in Shahba Bank through its subsidiary Estithmar Capital. Under the deal, concluded this morning in Damascus, Masaref Holding, a subsidiary of Estithmar Capital, takes a 49% stake in Shahba Bank, marking a further step in Estithmar Holding’s regional expansion and deepening exposure to the financial services sector.
Estithmar Holding Q.P.S.C. announced today the establishment of its fifth group, “Estithmar Capital,” in a strategic step aimed at strengthening the company’s expansion and diversifying the sectors in which it operates.
A financial services group built on governance, capital discipline, and long-term institutional value.