Thu, Nov 27, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Arabian Money: Gulf SWFs dump bank stocks

Posted on 22 October 2009

From Arabianmoney.net: Qatar is following Abu Dhabi in downsizing its stake in the British bank Barclays, only acquired less than a year ago to help the bank survive the global financial crisis without state aid. It seems the sovereign wealth funds of the Gulf are going cool on banks.

You can hardly blame Qatar for choosing to cash in some of its chips. The gas-rich Gulf state will make a $1 billion profit on the deal and still retain more than seven per cent of Barclays stock as the bank’s largest shareholder……………………Full Article: Source


 Article link

This post was written by:

VRS - who has written 15271 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« Oct    
 12
3456789
10111213141516
17181920212223
24252627282930