Qatar’s Lesha Bank acquires minority stake in leading ICT provider, Starlink 

Qatar’s Lesha Bank acquires minority stake in leading ICT provider, Starlink 

Lesha Bank, the first independent Shari’a-compliant Bank in Qatar, has acquired a minority stake in Starlink, a leading provider of ICT, managed services and retailer of technology products as part of its private equity strategy to expand its footprint in Qatar.

Lesha Bank purchased a 27.5 percent stake in Starlink, marking its first deal in 2023 and an exciting addition to the Bank’s Shari’a-compliant private equity portfolio. Launched in 2006, Starlink, is a leading retailer of the latest technology products, mobile, gadgets and accessories.

The company has also successfully created its mark in the ICT services sector in Qatar and other regions of the GCC. Starlink has an omnichannel presence spanning 19 retail outlets in Qatar, an online platform as well as a variety of other supporting channels that provide outsource-managed services in multiple areas such as, IT, installations, maintenance and contact centers.

Abdulrahman Totonji

CEO – Lesha Bank “This investment marks another landmark for Lesha Bank and a step towards increasing the Bank’s private equity offerings. Starlink, with its market presence as a leading retailer of technology products, mobiles and ICT services presents a unique opportunity for local investors. As we look to explore other industries, this acquisition is in line with our