03.12.2008 - Three Qatari banks plan sale of stake to SWF
From Gulf-times.com: Three Qatari Banks yesterday outlined plans to sell up to 20% stake in their institutions to the state’s sovereign wealth fund after presenting their proposals to shareholders later this month. The move by Doha Bank, Rayyan Al Masraf and Ahlibank comes against the backdrop of the Qatar Investment Authority (QIA) recently preparing a mammoth QR5.3bn package for listed banks as part of efforts to restore investors’ confidence, which has been shaken due to the global financial crisis..... Full Article: Source
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