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Sovereign Wealth Funds Briefing - Categorized | Investment

Qatar buys airline stake from the ‘elite’

Posted on 06 May 2014

Gulf state buys 50pc stake held by private investors headed by former prime minister Sheikh Hamad bin Jassim al-Thani. Policy changes in Qatar aimed at reducing the ruling family’s influence in key assets has seen the Gulf country’s airline come under state control and the money raised by investors used to pay £924m for Heritage Oil, a British-based explorer with interests in African states.
Qatar’s sovereign wealth fund has bought the 50pc holding of private investors headed by former prime minister Sheikh Hamad bin Jassim al-Thani, a member of the ruling elite ousted last year during a quiet but internally tense political shake-up………………………………………..Full Article: Source


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