The Qatar Investment Authority and the Olayan Group of Saudi Arabia have joined forces with a prominent Israeli conglomerate to create an emerging markets fund.
Credit Suisse, the Swiss bank, said on Thursday that it was launching a $1bn fund specialising in emerging market credit opportunities “with a small group of key shareholders”.
According to reports in Israel those shareholders are Olayan Group of Saudi Arabia, a manufacturing, services and investment conglomerate, the QIA, and IDB of Israel, a conglomerate controlled by Nochi Dankner, Israel’s most powerful businessman."
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