Qatar Islamic Bank Sells 5% Stake to Qatar Fund for $263 Mln
Published: December 31st, 2009
Qatar Islamic Bank SAQ, the country’s biggest Islamic lender, sold a five percent stake to Qatar Investment Authority, the Persian Gulf country’s sovereign wealth, as part of a plan to boost bank capital.
Qatar Investment Authority paid 956 million riyals ($263 million) for the stake, Qatar Islamic Bank said in a statement posted on the Doha bourse Web site today.
