Middle East Economic Survey

VOL. LIV

No 12

21-Mar-2011

QATAR

Qatar Holding Invests 1.9Mn In Iberdrola

Qatar Holding, the investment arm of the sovereign wealth fund (SWF) Qatar Investment Authority (QIA), will take a 6.17% stake in Iberdrolas share capital for a total investment of 1.9mn, the Spanish power utility announced on 14 March. QIA said the same day that the stake would come mostly from newly issued shares. Qatar Holding also agreed to acquire treasury shares representing 0.37% of...