Qatar Holding Creates 12 Billion Listed Company for Overseas Assets

Qatar Holding LLC, a sovereign wealth enterprise of the Qatar Investment Authority (QIA), plans to create an investment company called Doha Global Investment worth US$ 12 billion to buy assets internationally. The company would be listed on the Doha Exchange within six to eight weeks. The listed company would have billions in riyals in paid-up capital with half originating from Qatar Holding. The rest of the funds will be raised privately. The initial public offering will be open to Qatari nationals only, later to foreign investors when listed. Qatar has the highest per capita income in the world.

Increasingly, sovereign funds are creating quasi-independent investment platforms, many soliciting external capital to take advantage of their entity competitive advantages.

Given part of Doha Global Investment will be owned privately, the future listed company will be presented opportunities by Qatar Holding, but will have its own final say on decisions and investments.

On February 19, 2013, Hussain al-Abdullah, Vice Chairman of Qatar Holding told reporters in Doha, “You name it – shares, bonds, real estate, private equity. We will look at every sector in every country around the world.”

In recent times, Qatar Holding with Credit Suisse AG agreed to create an asset manager called Aventicum Capital that will target assets in emerging markets.

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