IGUAKO Capital is a work of institutional fiction by the Iguako Institute for Applied Unreality. No financial services are offered, no accounts exist and nothing here is an offer, a contract or advice.About this work
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Counterparty · Correspondent bank

Bank Al Rawda

Bank Al Rawda is the correspondent for the Doha office and settles Qatari riyal transactions for the Investment Banking division's institutional coverage in Qatar. The relationship dates from 2024. Al Rawda holds the escrow accounts for two advisory mandates in progress, settles the capital calls of IGUAKO Qatar Co-Investment Ltd., and provides local settlement for a Qatari institutional investor in the Luxembourg platform.

Type
Correspondent bank
City
Doha
Region
Middle East
Relationship since
2024

The relationship

Advisory work for Qatari institutions involves escrow, completion payments and currency conversion that must happen inside the jurisdiction. Al Rawda gives the Investment Banking division a local balance sheet for those mechanics. The bank also allows IGUAKO to offer Qatari clients riyal reporting, which several institutional mandates require alongside the US dollar statement.

Services to IGUAKO and its clients

  • Qatari riyal correspondent accounts
  • Escrow and completion accounts for advisory mandates
  • Capital call settlement for the Qatar co-investment vehicle
  • Local settlement for Qatari investors in the fund platforms
  • Riyal-denominated reporting support

Also in the region

Middle East.