27.03.2009 - Doha Bank sells DSM equity portfolio to government
From Menareport.com: Doha Bank, one of the largest private commercial bank in the State of Qatar, recently announced that the Bank has completed all the necessary formalities towards the sale of the identified DSM equity portfolio to the government in a USD 147 million (QAR 537 million) deal as part of the government’s proactive measure to infuse liquidity in the market to support the ongoing developments of Qatar and the related financing needs. Mr. R. Seetharaman, Chief Executive Officer, Doha Bank said “In this regard, the government has paid USD 66 million (QAR 239 million) in cash and USD 81 million (QAR 298 million) by way of issue of 5-year government bond carrying a fixed coupon of 5.5% annually”.....Full Article: Source