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Sovereign Wealth Funds Briefing - Categorized | Investment

Qatar pledges $4bln to Spanish banks

Posted on 02 March 2011

From Gantdaily.com: Qatar is planning to invest $4.14 billion in Spanish savings banks as the industry gears up to raise funds to meet new capital rules. Spanish Prime Minister Jose Luis Rodriguez Zapatero was in Qatar on Monday and left with the emirate government’s pledges. The money will come from Doha’s sovereign wealth fund, the Qatar Investment Authority.

Qatar’s Prime Minister Sheikh Hamad Bin Jasim al-Thani said his country is also planning on investing in Spanish telecommunication and energy companies…………………………………….Full Article: Source

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