09.04.2013 - Qatar SWF goes public with fund management IPO
The Qatari Sovereign Wealth Fund-backed Doha Global Investment Company is to offer shares to the public in May, as part of a plan to share the tiny Gulf state's assets with local citizens and institutions. The Qatari investment firm will have a total capital of QR45 billion ($12.36 billion), half of which will be in the form of paid-up capital, according to a statement from Hussain Ali Al Abdulla, chairman of Qatar Exchange's board. The other half will be owned by the private sector, giving Qatari institutions and individuals the chance to invest around the world alongside the state...............................................Full Article: Source
Print