Middle East Economic Survey

VOL. LIII

No 26

28-Jun-2010

REGIONAL

QIA And KIA Look To Invest In Chinas Agricultural Bank

Sovereign wealth funds (SWFs) Qatar Investment Authority (QIA) and Kuwait Investment Authority (KIA) are reportedly the biggest cornerstone investors in the Hong Kong portion of the $20bn-$30bn initial public offering (IPO) by Agricultural Bank of China. According to Reuters, the deal includes a commitment for a $2.8bn investment by QIA while KIA is interested in taking an $800mn...