Qatar Investment Authority
|Qatar Investment Authority|
|Chairman:|| Hamad al Thani
|CEO:|| Hamad al Thani
|Based in:|| Doha
| Board of |
|Dr Hussein Ali Al Abdullah|
|Origin:|| Oil & Gas
|Assets:|| $75 billion
|Reports||Sovereign Wealth Funds Contact and Information Report|
The Qatar Investment Authority, is a sovereign wealth fund, devoted to diversification using money from its energy sector to invest in non-energy related sectors. The QIA was established in 2005. The QIA controls around $75 billion in assets. The CEO is Hamad bin Jassim bin Jabr Al Thani, the Prime Minister of Qatar.
Their investments have mostly been in the real estate market. QIA also invests within Qatar. QIA goal is to reduce risk from relaying on the energy market due to possible energy market downturns. QIA policy is to invest for the long term, with pay offs in 10 to 15 years. The overseas investments tend to focus more in Europe and Asia, with a few investments in the US. On November 18, Kenneth Shen, QIA’s Head of Strategic and Private Equity, said in an interview with the Financial Times in November 2007, that QIA future plans are to invest more heavily in Asia and other Emerging Markets with less focus on the US.
The QIA's property investments are made though its subsidiary, Qatari Diar Real Estate Investment Company. It has separate management and leadership, but it is chaired by Sheikh Hamad bin Jassim bin Jabr Al Thani, who also managers the QIA. It appears that Qatari Diar has around $20 billion in assets. It was formed in 2004.
QIA’s international investments include the London Stock Exchange, Barclays, Lagardere, Chelsea Barracks, Credit Suisse, Raffles Medical Group, Sainsbury's PLC, and Industrial & Commercial Bank of China.
|Tamim bin Hamad Al Thani||Chairman|
|Hussein Ali Al Abdullah||Director|
|Hamad bin Jassim bin Jabr Al Thani||Director and CEO|
|Youssef Hussein Kamal||Director|
|Abdulla bin Saud Al Thani||Director|
|Fahad bin Jassim Mohamed Al Thani||Director|
|HH Hamad bin Jassim bin Jabr Al Thani||Chief Executive Officer|
|Kenneth Shen||Head of Strategic and Private Equity|
|Martin Harrison||Head of Asset Management|
|Navid Chamdia||Head of Real Estate|
|Mansour Al Mahmoud||Head of Risk Management|
|Ahmad Al Sayyed|
|Hassan Al Thawadi||Director of the Legal Department|
|John Al Khair||Adviser|
The QIA make many of their investment using their holding vehicle Qatar Holding.
In October 2008, the Qatar Investment Authority (QIA) announced a plan to invest $5.3 billion in bank shares as a strategy to shore up investor confidence in banks. Announced investments include Barclays PLC (UK), Commercialbank, and Qatar International Islamic Bank (a 5% share valued at $127 million), and Doha Bank (reportedly up to an eventual 20% subscription of capital worth $5.3 billion).
As a follow-up to the 2nd stimulus, the QIA increased their stake in some banks. It is not quite clear which banks have had their shares bought by the government.
The QIA has been one of the most active Sovereign Wealth Funds over the last few years, buying up stakes in companies and investing in large properties. Rather than focusing on one sector, they have built up stakes across sectors with the exception of energy related assets. The QIA has focused on well known companies as a result of having small support staff. With the increase staff capacity, the QIA will slower move into investments in smaller companies and private equity deals.
Qatar Holding is the holding vehicle for investments made by the Qatar Investment Authority. It is wholly owned by the QIA and acts on their behalf. Ahmad Al Sayed is the chief executive of the unit
Qatari Diar Real Estate Investment Company (Qatari Diar) is a property investment vehicle wholly owned by the Qatar Investment Authority. It has separate management and leadership, but it is chaired by Sheikh Hamad bin Jassim bin Jabr Al Thani, who also controls the QIA. It appears that Diar has around $20 billion in assets. It was formed in 2004.
Hassad Food is a agribusiness based in Qatar. The company was established to ensure the food security of Qatar. The Qatar Investment Authority established the company in 2008. The company has assets around $1 billion.
P.O. Box 23224
Tel: +974 499-5900
Fax: +974 443-7016
QIA has an office in India.