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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment

Al Khalij approves sale of 20% new shares to Qatar SWF

Posted on 18 December 2008

From Bloomberg: Al Khalij Commercial Bank QSC, a Qatari lender, said its board approved the issue of as much as 20 percent new shares to Qatar Investment Authority, the country’s $60 billion sovereign wealth fund.

Al Khalij also rebranded BLC Bank (France) S.A., the United Arab Emirates-based lender it acquired in November, to Al Khaliji (France) S.A. and will invest $100 million in it to boost operations, the Doha-based bank said in an e-mailed statement late yesterday. Al Khalij will pay no cash dividend for 2008, it added. …. Full Article: Source


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