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Qatar Holding to launch new $12bn shareholder company
- Qatar: Wednesday, February 20 - 2013 at 06:26
Qatar Holding has announced it will set up a new investment firm open to shareholders in the country, the Associated Press has reported. The new investment vehicle will have $3bn in state seed money, and float another $3bn in shares that are only available to Qataris, said Qatar Holding vice chairman, Hussain al-Abdullah. The long-range goal is to have $12bn for additional Qatari acquisitions around the world, including shares, bonds and real estate, he said.
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