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Barclays bows to shareholder protests
- Middle East: Wednesday, November 19 - 2008 at 09:42
Bowing to shareholder protests, Barclays said yesterday it will let existing stockholders in on a share issue originally earmarked for private Middle Eastern investors, reported AP. Barclays said the three Middle Eastern investors - Qatar Investment Authority, the Challenger investment vehicle led by the Qatari royal family, and Shaikh Mansour Bin Zayed Al Nahyan, UAE Minister of Presidential Affairs - had offered to allow existing shareholders to purchase £500 million ($913m) worth of their combined £5.8 billion proposed investments.
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