Qatar Brings In New Chief For $300 Billion SWF

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Qatar Brings In New Chief For $300 Billion SWF

The Qatar News Agency announced on Thursday, December 4th that Sheikh Abdullah bin Mohamed bin Saud al-Thani will take over from Ahmed al-Sayed as the new head of the Qatar Investment Authority. Today’s announcement is not especially surprising, however, as the Qatar Investment Authority, which manages around $300 billion, including major stakes in Barclays, Credit Suisse and London-based Harrods, had been widely expected to appoint a member of the Qatari royal family to replace the current chief executive.

The new chief Sheikh Abdullah is currently chairman of Ooredoo, a Gulf telecoms company, and is a former head of the royal court.

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