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