06.12.2012 - Qatar Holding raises stake in QE to 88pct
Qatar has upped its stake in its bourse from 80 percent to 88 percent, with NYSE Euronext holding the remaining 12 percent stake.According to a press statement issued by Qatar Exchange (QE) yesterday, Qatar Holding which had 80 percent stake in the bourse, has bought back eight percent stake from NYSE Euronext. Qatar Holding is the direct investment arm of Qatar’s strategic sovereign wealth fund, the Qatar Investment Authority (QIA). Euronext had bought 20 percent stake in the QE in 2009 as part of a five-year strategic agreement to transfer knowledge and develop the Qatari equity market...............................................Full Article: Source
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