Qatar Holding to be a Cornerstone Investor in Malaysian Firm IPO

Since the start of 2012, a number of initial public offerings have sprouted out of Southeast Asia. Qatar Holding LLC, a sovereign wealth enterprise of the Qatar Investment Authority (QIA) agreed to be an investor in the planned $3 billion listing of Felda Global Ventures Holdings Bhd. Qatar Holding plans to be one of the ten cornerstone investors in this Malaysian company. Felda Global Ventures Holdings Bhd is Malaysia’s largest palm plantation producer. The entity owns 80 active companies with operations in Asia, North America, Middle East, and Africa.

This is the first instance of a Gulf sovereign fund being a cornerstone in a Malaysian initial public offering.

Other cornerstone investors include: Fidelity Investments, AIA Group, Louis Dreyfus, Hong Kong’s Value Partners, and Malaysia’s Employees Provident Fund.

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