Qualtra, the Baghdad-based subsidiary of Lebanese Quality Investment Group (QIG) Holding, announced that it has expanded its business in Iraq through signing an exclusive distribution deal with Spanish ventilation specialist, Soler & Palau.

Through the agreement, Qualtra, which specializes in the trading of contruction materials, became the exclusive dealer of Soler & Palau’s products in the Iraqi market.

Elie Abou Yaghi, Qualtra’s vice-president for business development, said that the company is currently negotiating more agreements to develop its products range.

The Beirut-based multi-shareholder company QIG Holding established Qualtra in 2010.

QIG is also the main shareholder of Qualco, the Lebanese construction company founded in 2002.

QIG Holding was founded in 2008. It is affiliated with the family-owned Karam Group.

Its shareholders include Lebanese-Canadian investors Roger Nassif Karam (main shareholder and CEO), Marc Boghossian, Ralph Farsoun, Rody Yared, and French financial expert, Antoine Douvry.