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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Qatari Diar to Own Seef Lusail Real Estate Development

Posted on 15 July 2014

Masraf Al Rayan announced yesterday it has entered into an agreement to sell its equity stake in Seef Lusail Real Estate Development Company. Seef Lusail Real Estate Development Company WLL was owned equally by Masraf Al Rayan and Qatari Diar Infrastructure Company.
In line with the agreement between the parties, Masraf Al Rayan has sold its 50 percent equity stake in Seef Lusail to Qatari Diar Infrastructure Company (49 percent) and Qatari Diar Real Estate Investment Company (1 percent). Adel Mustafawi,Group CEO of Masraf Al Rayan stated that this investment has achieved its objectives as planned………………………………………..Full Article: Source


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