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Wednesday, 21 June 2017

Exclusive: Qatar sovereign fund moves stakes to government, may sell assets - sources | Reuters

Exclusive: Qatar sovereign fund moves stakes to government, may sell assets - sources | Reuters:

"Qatar's sovereign wealth fund has transferred over $30 billion worth of its domestic equity holdings to the finance ministry and may sell other assets as part of a restructuring drive, people familiar with the matter told Reuters. Stakes in 18 companies were transferred earlier this year, before Qatar's diplomatic rift with other Gulf states. The stakes include major holdings in some of the country's top firms such as Qatar National Bank QNBK.QA, telecommunications operator Ooredoo ORDS.QA and Qatar Electricity & Water Co QEWC.QA."



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