Middle-east Arab News Opinion | Asharq Al-awsat

Qatar to pump $250M into Barclays resources fund | ASHARQ AL-AWSAT English Archive 2005 -2017
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DUBAI, United Arab Emirates (AP) — A government-backed Qatari firm says it plans to invest $250 million in a natural resource investment business run by British bank Barclays.

The Qatar Asset Management Company said Monday it will invest the funds into current and future holdings of the $2.1 billion Barclays Natural Resource Investments private equity business.

QAMC is run by the Qatar Financial Center Authority, which oversees the Gulf state’s financial sector, and the country’s Qatar Investment Authority sovereign wealth fund.

As part of the deal, BNRI plans to open an office in the Qatar Financial Center banking hub.

Qatar’s sovereign wealth fund is one of the biggest investors in Barclays, with a 6.7 percent stake.