Qatar's Al Khalij Bank Weighs Sale of French, U.A.E. Units - Bloomberg

Qatar's Al Khalij Bank Weighs Sale of French, U.A.E. Units - Bloomberg:

"Qatar’s Al Khalij Commercial Bank PQSC has hired Barclays Plc to advise on the sale of its businesses in France and the United Arab Emirates, according to people familiar with the matter. The Doha-based lender, which plans to retain only it’s Qatar business, is drawing interest from global banks and financial institutions from the region for the assets, the people said, asking not to be identified because the information is private. The sale talks come amid a diplomatic standoff between Qatar and it’s neighbors including Saudi Arabia and the U.A.E., which has made it difficult for companies in the gas-rich state to operate in the rest of Gulf. The blockade has hurt the revenue of many Qatari companies, forcing them to shrink their workforce and sell non-core assets."



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