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Sovereign Wealth Funds Briefing - Categorized | Financials

Qatar Bank Masraf Gives JV Sale Details After Bourse Suspension

Posted on 17 July 2014

Qatari lender Masraf Al Rayan offered more detail into the sale of its stake in a real estate joint venture to a state fund on Tuesday, after the country’s stock exchange suspended the bank’s shares for a lack of clarity on the deal.
Masraf Al Rayan, which has the largest MSCI weighting of any Qatari stock, said on Sunday it was selling its 50 per cent stake in Seef Lusail Real Estate Development Co to the real estate arm of the Gulf state’s sovereign wealth fund………………………………………..Full Article: Source


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