Qatar Investment Authority sets up new advisory subsidiary in Singapore

Published: Updated:
Enable Read mode
100% Font Size

Qatar Investment Authority (QIA), the country’s sovereign wealth fund, has established a wholly-owned advisory subsidiary in Singapore to source investment opportunities in Asia, a spokesman said on Wednesday.

For the latest headlines, follow our Google News channel online or via the app.

The Qatar Investment Authority Advisory (Singapore) Pte Ltd is headed by a senior QIA executive, Abdulla al-Kuwari, according to his LinkedIn profile, which showed he assumed the role in May this year.

Kuwari oversaw the Africa and Asia Pacific region as a director before taking this new role, his profile showed.

The $300 billion sovereign wealth fund, which owns stakes in the London Stock Exchange and Iberdrola SA, has been diversifying its investments from core European and US markets towards Asia.

QIA recently invested along with other investors in Indian e-commerce firm Flipkart’s $3.6 billion funding round.

Read more:

Qatar says to resume issuing entry visas starting July 12 as COVID-19 measures eased

Qatar’s Commercial Bank to withdraw offer to raise stake in National Bank of Oman

Qatar expects to see $20 bln bump to economy from 2022 World Cup

Top Content Trending