Proclad chooses QInvest as financial adviser

Proclad Group, the world’s leading provider of protective weld cladding to the oil and gas sector, has appointed Qatar’s investment bank QInvest as its financial adviser to arrange a multi-tranche syndicated financing. The financing is being arranged for the expansion of Proclad’s UAE facilities and fund future projects. The agreement was signed by Yaseen Jaafar, CEO of Proclad, and Asar Mashkoor, head of investment banking at QInvest. “This funding will allow us to fully exploit the current market opportunities available to us,” Jaafar said. “We look forward to assisting Proclad finance their growth plans and developing a solid and long term partnership with them in the future,” said Mashkoor. QInvest and Proclad officials are seen after the agreement signing. from gulf times.