22.10.2009 - Arabian Money: Gulf SWFs dump bank stocks
From Arabianmoney.net: Qatar is following Abu Dhabi in downsizing its stake in the British bank Barclays, only acquired less than a year ago to help the bank survive the global financial crisis without state aid. It seems the sovereign wealth funds of the Gulf are going cool on banks. You can hardly blame Qatar for choosing to cash in some of its chips. The gas-rich Gulf state will make a $1 billion profit on the deal and still retain more than seven per cent of Barclays stock as the bank’s largest shareholder........................Full Article: Source