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Qatar fund to buy remaining 10pc bank shares

Doha, January 11, 2011

Qatar's sovereign fund will buy the remaining 10 per cent of a promised 20 per cent stake in the Gulf state's banks in the first-quarter, Prime Minister Sheikh Hamad bin Jassim Al Thani said in published remarks on Tuesday.

The stake buy by Qatar Investment Authority (QIA) would not cover any dividends resulting from the bank's activities in 2010, Al Thani told The Peninsula newspaper.-Reuters

Tags: QIA | Qatar fund | bank shares |

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