Alexa
  • Directory of Taiwan

Qatar to buy investment portfolios of local banks

Qatar to buy investment portfolios of local banks

Qatar's stock market is up nearly 9 percent after the energy-rich state agreed to buy the investment portfolios of local banks.
A statement posted on the Doha Securities Market Web site says the portfolios of seven Qatari banks will be bought by the end of the month based on the their adjusted values at the end of February.
Sheik Hamad Bin Jassem Bin Jabor Al Thani, the country's prime minister and foreign minister, said in Monday's statement that the decision reflects "the due concern of the government in the banking sector."
The banks involved are: Qatar National Bank, Commercial Bank, Doha Bank, Qatar Islamic Bank, Qatar International Islamic Bank, Ahli Bank and Al Khalij Commercial Bank.


Updated : 2021-10-20 08:12 GMT+08:00