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Sovereign Wealth Funds Briefing - Categorized | Investment

Qatar says to buy 5pct of banks’ capital in Dec-TV

Posted on 06 October 2009

From Reuters: Last October, the country’s sovereign wealth fund, the Qatar Investment Authority, said it would buy 10 percent to 20 percent of listed banks’ capital to boost confidence.
Qatar will buy another five percent of local banks’ capital in December under a 2008 plan to deal with the impact of the global financial crisis, the Gulf state’s finance minister said in remarks aired on Monday……………….Full Article: Source


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