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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

QIA buys 20% of First Finance shares

Posted on 12 February 2009

From Zawya.com: Qatar Investment Authority, the country’s sovereign wealth fund, has bought 20% of the share capital of Qatar-based First Finance Co. for $70.5m, the company said in a statement today.

The company’s capital would be raised by 10.22 million shares, First Finance said in a statement on the Doha bourse Web site. “The full subscription amount, equal to QAR256.6 million ($70.5 million), has been deposited in the company’s bank account,” First Finance said….. Full Article: Source


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