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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

QIA stake purchase move signals confidence on banks

Posted on 29 December 2008

From Gulf-times.com: The greatest vote of confidence on the Qatari banks came from the country’s sovereign wealth fund – the Qatar Investment Authority – a few weeks ago when it decided to buy local bank shares in a $5.3bn plan.

The QIA will buy between 10% and 20% of the banks’ listed capital on the Doha Securities Market based on closing share prices on October 12. The plan came amid government’s efforts to prevent the contagion from the global financial crisis from spreading to the region in general and the country in particular….. Full Article: Source


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