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

Doha Bank approves share sale to Qatar wealth fund

Posted on 23 December 2008

From Reuters: Doha Bank DOBK.QA said on Monday shareholders had approved a plan to raise its capital by up to 20 percent in order to sell a stake to the Gulf state’s sovereign wealth fund, the Qatar Investment Authority (QIA).

The shares would be issued at their closing price on Oct. 12, Doha Bank said in a statement on the bourse website. The shares closed at 42.7 riyals ($11.72) that day…… Full Article: Source


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