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Sovereign Wealth Funds Briefing - Categorized | Financials

Abu Dhabi quietly cashes out of Barclays

Posted on 19 July 2013

The exit of Abu Dhabi investors from Barclays has happened with far less fanfare than their dramatic arrival almost five years ago. Back in October 2008, as the financial markets were reeling from the high-profile government bailouts of Royal Bank of Scotland and Lloyds, Barclays’ sealed a deal with Middle Eastern investors that saved it from the same fate.
Barclays turned to Qatar Holding, a subsidiary of the Qatar Investment Authority, and Challenger – an investment vehicle of Sheikh Hamad bin Jassim bin Jabr al-Thani, the prime minister of Qatar and his family – twice in 2008. The sheikh – often referred to as HBJ – is also the chairman of Qatar Holding………………………………………..Full Article: Source


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