Tuesday, 23 May 2023

#Qatar's QIA says has been very active in public and private credit | Reuters

Qatar's QIA says has been very active in public and private credit | Reuters

Qatar Investment Authority has been very active in private and public credit over the past two years, CEO Mansoor Ebrahim Al-Mahmoud said on Tuesday.

"Companies that have been feeling the tide, they have a good business models but they have an issue with their balance sheet because of this acceleration of hikes of interest rates," al-Mahmoud told an audience at the Qatar Economic Forum, organised by Bloomberg.

"So normally institutions like us, which are very liquid, very long term, have a risk appetite in these types of investment. I would advise that for the next maybe one year, the credit space would be an interesting space to deploy some investment," al-Mahmoud said.

The $445 billion sovereign wealth fund is examining AI as a theme of investments and sees it as a "wonderful technology" in some applications, he added.

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