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Islamic Finance Briefing - Categorized | Funds, Investment more

Qatari fund to inject $412 mln in local banks

Posted on 08 October 2009

From Maktoob.com: Qatar Investment Authority, or QIA, the country’s sovereign wealth fund, will start early next month implementing procedures to acquire an additional 5% stake in the capital of local banks, Doha-based Asharq daily reports Wednesday.

QIA is expected to inject between 1.5 billion Qatari riyals ($412 million) and QAR2 billion before the end of the current year to acquire the stakes, the paper reports citing people familiar with the matter……………….Full Article: Source

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