Government investment fund planning to sell shares
Qatar Holding, the state-owned investment vehicle, is planning to launch a new $12bn investment fund that will list on the Qatar Exchange.
Speaking to reporters in Doha, Hussain al-Abdullah, vice-chairman of Qatar Holding, said that the fund would invest in equities, bonds, real estate and private equity all around the world.
The fund will be called Doha Global Investment and an initial public offering of shares in the fund could take place in the next two months.
Qatar has come to international prominence following a spree of high-profile investments in companies such as the luxury retailer Harrods, carmakers Volkswagen and Porsche, and mining company Xstrata.
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